Real Estate Math
A Wisconsin buyer puts 25% down on a $360,000 home. What is the loan amount?
A$240,000
B$255,000
C$270,000✓ Correct
D$290,000
Explanation
Down payment = $360,000 × 25% = $90,000. Loan = $360,000 - $90,000 = $270,000. To solve this, multiply the relevant values: $360,000 at 25%.. The correct answer is $270,000.. This is a common calculation on the Wisconsin real estate exam.
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