anonymous
  • anonymous
Megan Mei is charged 2 points on a $120,000 loan at time of closing. The original price of the home before the down payment was $140,000. The points in dollars cost Megan: a)$2,400b)$2,800c)$4,200d)$8,200e)None of these
Mathematics
  • Stacey Warren - Expert brainly.com
Hey! We 've verified this expert answer for you, click below to unlock the details :)
SOLVED
At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.
katieb
  • katieb
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
slaaibak
  • slaaibak
I'm not sure what you mean by "charged 2 points"
anonymous
  • anonymous
it means 2% of the mortgage.
anonymous
  • anonymous
I don't know if it is off the 120,000 or the 140,000?

Looking for something else?

Not the answer you are looking for? Search for more explanations.

More answers

slaaibak
  • slaaibak
Well, I'd say it's on the 120 000, since the sentence says "2 points on a $120,000 loan" So I'd go with 2400
anonymous
  • anonymous
Thanks. how do you get points for helping me?
slaaibak
  • slaaibak
I don't think I do

Looking for something else?

Not the answer you are looking for? Search for more explanations.