Real Estate Math
A Wyoming home costs $285,000. The buyer makes a 10% down payment and pays 2 points on the loan. How much are the points?
A$4,550
B$5,130✓ Correct
C$5,700
D$6,300
Explanation
Loan = $285,000 × 90% = $256,500. Points = $256,500 × 2% = $5,130. To solve this, multiply the relevant values: $285,000 at 10%.. The correct answer is $5,130.. This is a common calculation on the Wyoming real estate exam.
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