Real Estate Math
A West Virginia buyer puts 5% down on a $200,000 home. What is the exact down payment?
A$8,000
B$10,000✓ Correct
C$12,000
D$15,000
Explanation
Down payment = $200,000 x 0.05 = $10,000. To solve this, multiply the relevant values: $200,000 at 5%.. The correct answer is $10,000.. This is a common calculation on the West Virginia real estate exam.
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