Question

Question 1 (1 point)

If you are buying a house for $235,000, how much is a 19% down payment?
Enter your answers using this format: 99,999.99
Your Answer:

Answer 1

44,650

Explanation:

To calculate the 19% down payment on a house priced at $235,000, you can use the formula:

Down Payment = Purchase Price x Down Payment Percentage

where Down Payment Percentage is the percentage of the purchase price that you will be paying as a down payment.

In this case, the down payment percentage is 19%, or 0.19 as a decimal. So:

Down Payment = $235,000 x 0.19

Down Payment = $44,650