Question 108 • ****Spring 2026 Financial Math - MA2007 MQS21QXV
Their down payment is 21.5% of $365,000: 0.215 × $365,000 = $78,475. Subtract the down payment from the home’s value: $365,000 − $78,475 = $286,525. The home loan will be $286,525, choice B.
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