djcloverman4620 djcloverman4620

20-03-2024
Business

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A purchaser bought a property for $215,000, put 15% down and borrowed the rest at 6.75% interest for 25 years. The lender charged 2.5 points at the closing. How much was paid for the points?

a. $2,150.00
b. $3,267.50
c. $4,568.75
d. $5,723.40

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