Finance
A seller in North Carolina agrees to pay 3 discount points on the buyer's $250,000 loan. How much will the seller pay?
A$6,250
B$7,500✓ Correct
C$8,750
D$10,000
Explanation
$250,000 x 3% (3 points at 1% each) = $7,500 in discount points. Using the values given ($250,000), apply the appropriate formula..
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