You have found a house that you would like to purchase. the amount of the home is $225,000. you would like to finance the home through your local credit union but they require a 10% down payment. determine the amount needed for the down payment so that the bank will finance the home purchase.
a.
$22,500
c.
$225,000
b.
$202,500
d.
$2,250

a. $22,500

Step-by-step explanation:  

We have been given that the amount of the home is $225,000. The local credit union require a 10% down payment.

To find the amount needed for down payment, we will find 10% of the $225,000.

Therefore, the amount needed for the down payment is $22,500 and option a is the correct choice.

step-by-step explanation:

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step-by-step explanation: