chrisabiga chrisabiga

08-07-2018
Mathematics

contestada

Bayani is charged 2 points on a $120,000 loan at the time of closing. The original price of the home
before the down payment was $140,000. How much do the points in dollars cost Bayani?

Respuesta :

youngsunc6 youngsunc6

08-07-2018

1 point = 1% of the loan.
The loan is $120,000.
Therefore 2 points cost 0.02*$120,000 = $2,400

Answer Link

boldbrave50 boldbrave50

02-02-2020

Answer:

$2,400

Step-by-step explanation:

0.02x$120,000 = $2,400

Answer Link

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