Real Estate Math
A Kentucky buyer pays 1% origination fee on a $275,000 mortgage. What is the dollar amount?
A$1,375
B$2,250
C$2,750✓ Correct
D$3,250
Explanation
Origination fee = $275,000 × 1% = $2,750. To solve this, multiply the relevant values: $275,000 at 1%..
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