FinancingCâu 81 / 120
A borrower pays $5,250 in discount points on a $350,000 loan. How many points did the borrower pay?
a.1.5 points
b.2 points
c.2.5 points
d.3 points
Giải thích
Points paid equal the dollar amount divided by the loan amount, so $5,250 / $350,000 equals 0.015, or 1.5 points. Each point equals one percent of the loan. Points are used to buy down the interest rate.
Luyện miễn phí toàn bộ 120 câu hỏi — không cần đăng ký.
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