Adam wilcox is purchasing a home for $189,000. the bank is willing to finance the purchase if wilcox can make a down payment of ¼ of the selling price. how much money will he need for the down payment?

Adam Wilcox needs to prepare the amount for down payment of the house he was planning to purchase which is 1/4 or 25% of the selling price. Since the price of the house is given which is equal to  $189,000, we can now solve the 25% of this by multiplying the selling price by 0.25. The calculation will be $189,000*0.25=$47,250. Therefore, Adam Wilcox needs to pay $47,250 in order for the bank to finance the purchasing of the home.