A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 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?

  • This Question is Open
  1. anonymous
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    this is super easy

  2. Vocaloid
    • one year ago
    Best Response
    You've already chosen the best response.
    Medals 0

    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

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

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

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
  • 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.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.