If a buyer decides to buy a home for $175,000, put 10% down, and pay 1.5% in discount points, how much money will he spend on points?
A. $2,362.50
B. $2,625.00
C. $262.50
D. $236.25
Answer:A
If a buyer decides to buy a home for $175,000, put 10% down, and pay 1.5% in discount points, how much money will he spend on points?
A. $2,362.50 B. $2,625.00 C. $262.50 D. $236.25