Real Estate Math
A Nebraska lender charges 2 points on a $256,000 loan. The total loan origination fees (points) are:
A$5,120✓ Correct
B$2,560
C$3,840
D$7,680
Explanation
Points = $256,000 × 2% = $5,120. Using the values given ($256,000), apply the appropriate formula..
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