Real Estate Math
A buyer obtains a $180,000 loan with 2 discount points. How much will the buyer pay in points at closing?
A$1,800
B$2,700
C$3,600✓ Correct
D$5,400
Explanation
1 point = 1% of loan amount. 2 points × $180,000 = 2% × $180,000 = $3,600.
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