Final answer:
Belinda's down payment for the $286,000 house, calculated at 20%, is $57,200, which is option B.
Step-by-step explanation:
Belinda is considering purchasing a house for $286,000 and plans to make a 20% down payment. To calculate the down payment, we take 20% of the purchase price. Here is the step-by-step calculation:
- Find 20% of $286,000: (20/100) * $286,000 = $57,200.
Therefore, the correct answer is $57,200, which corresponds to option B. It's important to note that making a down payment of this size is beneficial as it reduces the amount borrowed and, consequently, the interest paid over time. This example is consistent with the general real estate guideline that a 20% down payment is considered standard, as it often enables the borrower to avoid purchasing mortgage insurance, which can add to the overall cost of the mortgage.