Question

Assume that you have found a home for sale and have agreed to a purchase price of $213,600.

Down Payment: Assume that you are going to make a 10% down payment on the house.

Answer 1

To calculate the down payment, multiply the purchase price by the percentage of the down payment.

Step-by-step explanation:

To calculate the down payment on a house purchase, you would multiply the purchase price by the percentage of the down payment. In this case, the purchase price is $213,600 and the down payment is 10%.

So, $213,600 * 0.10 = $21,360.

Therefore, the down payment on the house would be $21,360.