Real Estate Math
A buyer purchases a property for $450,000 with a 10% down payment. The lender charges 2 discount points. How much are the discount points in dollars?
A$7,200
B$8,100✓ Correct
C$9,000
D$9,900
Explanation
Loan amount = $450,000 x 90% = $405,000. Discount points = $405,000 x 2% = $8,100.
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