Given the Following Information, Calculate the Cash Down Payment Required

question 11

Multiple Choice

Given the following information, calculate the cash down payment required to purchase the specific property. Purchase Price: $500,000, Loan Amount: 80% of purchase price, Up-front financing costs: 2.5% of loan amount.

• A) $90,000
• B) $110,000
• C) $136,250
• D) $200,000

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