Real Estate Math
A buyer pays 2.5 discount points on a $200,000 loan. How much does the buyer pay for the points?
A$5,000✓ Correct
B$2,500
C$4,000
D$3,500
Explanation
Points = $200,000 × 2.5% = $5,000. Using the values given ($200,000), apply the appropriate formula.. The correct answer is $5,000.. This is a common calculation on the Alabama real estate exam.
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