anonymous
  • anonymous
Megan is charged 2 points on a $120,000 loan at the time of closing. The orginal price of the home before the down payment was $140,000. How much do the points in dollars cost Megan?
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.
chestercat
  • chestercat
I got my questions answered at brainly.com in under 10 minutes. Go to brainly.com now for free help!
anonymous
  • anonymous
this is super easy
Vocaloid
  • Vocaloid
please don't be rude, something that might be easy for you might be difficult for someone else @rlhoag anyway, back to the original question: 1 point means 1% of the loan, so 2 points is 2% of the loan the loan is $120,000, so what is 2% of 120,000? hint: 2% = 0.02

Looking for something else?

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