Question
Smith is going to buy a home for $150,000. They will need a 10% down payment. How much will they need?
Answers
GPT-4o mini
To calculate the down payment for a home priced at $150,000 with a 10% down payment requirement, you can use the following formula:
\[
\text{Down Payment} = \text{Home Price} \times \text{Down Payment Percentage}
\]
In this case:
\[
\text{Down Payment} = 150,000 \times 0.10 = 15,000
\]
Smith will need a down payment of **$15,000**.
\[
\text{Down Payment} = \text{Home Price} \times \text{Down Payment Percentage}
\]
In this case:
\[
\text{Down Payment} = 150,000 \times 0.10 = 15,000
\]
Smith will need a down payment of **$15,000**.