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Mathematics 19 Online
OpenStudy (samsung):

Economics w/ Financial Applications Q? Caleb purchased a house that sold for $231,000. He obtained a mortgage of $187,500. The bank charged 2.25 points for an origination fee and 2.5 discount points. What was the total cost of the origination fee and discount points that Caleb paid? Are origination fees and discount points found by a percent of the loan or selling price??

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