Finance
An Iowa lender charges a 1% origination fee on a $185,000 loan. What is the dollar amount of the origination fee?
A$1,250
B$1,500
C$1,750
D$1,850✓ Correct
Explanation
Origination fee = $185,000 × 1% = $1,850. To solve this, multiply the relevant values: $185,000 at 1%..
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