Finance
A buyer in Ohio pays 2 discount points on a $250,000 loan. How much does the buyer pay in discount points?
A$3,500
B$4,500
C$5,000✓ Correct
D$6,000
Explanation
Discount points = Loan amount x Points percentage = $250,000 x 2% = $5,000. Using the values given ($250,000), apply the appropriate formula.. The correct answer is $5,000.. This is a common calculation on the Ohio real estate exam.
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