Tyler is getting ready to shop for his first house. After reviewing his budget, he plans to look at houses in the $250,000 range. At this price, how much money should he have for the downpayment?
A) $2,500
B) $25,000
C) $37,500
D) $50,000
E) $10,000
Answer: D
Explanation: D) The suggested downpayment for purchasing a home is 20 percent of the home's value.
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