Final answer:
The down payment on a home priced at $175,000 with a 10% requirement is $17,500.
Step-by-step explanation:
To find the down payment, we need to determine 10% of the home price, which is $175,000. We can calculate it by multiplying the price by 10% (or 0.10). $175,000 × 0.10 = $17,500. Therefore, the down payment on a home priced at $175,000 if the lender requires a 10% down payment is $17,500.
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