The home that you are interested in purchasing is listed at $135,000. In order to get financing, you have to place a 15% down payment. From the given information, determine the amount of the down payment.
Answer
A
$2,025
B
$135,000
C
$114,750
D
$20,250
Explanation
Find 15% of the $135,000 purchase price: 0.15 × $135,000 = $20,250. Therefore, the down payment is $20,250, choice d.
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