Finance
A Kentucky buyer is approved for a $300,000 mortgage. The lender charges 2 discount points. How much will the buyer pay in points?
A$3,000
B$6,000✓ Correct
C$9,000
D$12,000
Explanation
Each discount point equals 1% of the loan amount. 2 points × 1% × $300,000 = $6,000.
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