Real Estate Math
A Florida buyer obtains a $375,000 mortgage. The lender charges 1.5 discount points. What is the cost of the discount points?
A$5,625✓ Correct
B$7,500
C$3,750
D$11,250
Explanation
Discount points = $375,000 × 1.5% = $5,625. Using the values given ($375,000), apply the appropriate formula.. The correct answer is $5,625.. This is a common calculation on the Florida real estate exam.
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