can someone help me out? :)
Amy purchased a house for $551,000 and obtained a mortgage for $519,000. She purchased 3 discount points and 2 origination points. What is the cost for each?

discount: $16,530; origination: $11,020

discount: $15,570; origination: $10,380

discount: $11,020; origination: $16,530

discount: $10,380; origination: $15,570

Question

can someone help me out? :)
Amy purchased a house for $551,000 and obtained a mortgage for $519,000. She purchased 3 discount points and 2 origination points. What is the cost for each?
 
discount: $16,530; origination: $11,020 

discount: $15,570; origination: $10,380 

discount: $11,020; origination: $16,530 

discount: $10,380; origination: $15,570

anonymous · Answer

@mathmate @satellite73 @joemath314159

anonymous · Answer

i really need help

anonymous · Answer

@amistre64

anonymous · Answer

Hey there, Im new at this, but I did some research on your question. As i understand it one point is equal 1% of the mortgage amount. So you need to multiply 3 x 0.01 x $519,00 for the Discount and 2x0.01x$519,000 for the origination amount

anonymous · Answer

Or you can also Multiply $519,000 x 0.03 for the Discount
and $519,000 x 0.02 for the Origination

anonymous · Answer

So B would be correct ?

anonymous · Answer

Yes, it should be

anonymous · Answer

thanks so much would you mind helping with a few more? i would really appreciate it

anonymous · Answer

Okay, I can do a few more. Although I may have to research them before hand. What class are these problems from?