A community for students.
Here's the question you clicked on:
← 55 members online
 0 viewing
anonymous
 one year ago
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?
anonymous
 one year ago
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?

This Question is Open

Vocaloid
 one year ago
Best ResponseYou've already chosen the best response.0please 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
Ask your own question
Sign UpFind more explanations on OpenStudy
Your question is ready. Sign up for free to start getting answers.
spraguer
(Moderator)
5
→ View Detailed Profile
is replying to Can someone tell me what button the professor is hitting...
23
 Teamwork 19 Teammate
 Problem Solving 19 Hero
 Engagement 19 Mad Hatter
 You have blocked this person.
 ✔ You're a fan Checking fan status...
Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.