Real Estate Math
A West Virginia home sold for $210,000. The buyer obtained a 90% loan. The buyer paid 1.5 discount points on the loan amount. What is the total dollar amount of discount points paid?
A$3,150
B$2,835✓ Correct
C$3,465
D$1,890
Explanation
Loan amount = $210,000 x 0.90 = $189,000.
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