You just won $50,000. In order to minimize your taxes, you must buy a house. Choice A is a stunning 2-story brick home, 25 feet by 45 feet, costs $220,000, and requires a down payment of 22%. Choice B is a gorgeous 2-story colonial with a completely finished basement, 40 feet by 30 feet, costs $235,000, and requires a down payment of 25%. Choice C is beautiful 1-story penthouse with incredible city views, 50 feet by 45 feet, costs $275,000 and requires a down payment of 27%. 2) How much are the down payments? A: _____________ B: ________________ C: _________________
You just won $50,000. In order to minimize your taxes, you must buy a house.
Choice A is a stunning 2-story brick home, 25 feet by 45 feet, costs $220,000, and requires a down payment of 22%.
Choice B is a gorgeous 2-story colonial with a completely finished basement, 40 feet by 30 feet, costs $235,000, and requires a down payment of 25%.
Choice C is beautiful 1-story penthouse with incredible city views, 50 feet by 45 feet, costs $275,000 and requires a down payment of 27%.
2) How much are the down payments?
A: _____________ B: ________________ C: _________________
Down payment is the amount that is paid by the purchaser initially while making the credit purchase.
Given Information:
Down payment amount is calculated by multiplying the total cost with the down payment percentage.
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