Real Estate Math
A Wisconsin investment property requires a 25% down payment on a $480,000 purchase. What is the down payment amount?
A$100,000
B$110,000
C$120,000✓ Correct
D$130,000
Explanation
Down payment = $480,000 × 25% = $120,000. To solve this, multiply the relevant values: $480,000 at 25%.. The correct answer is $120,000.. This is a common calculation on the Wisconsin real estate exam.
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