Question

*Financial Algebra * [Work Shown] {Correct Me}

A mortgage is in the amount of $600,000. The origination fee is 0.5%, the intangible tax is 0.2%, and there are 1.5 discount points. Which of the following is the total cost of the origination fee, intangible tax, and discount points?

$4,200

$9,000 <---

$10,200

$13,200
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1.5/100=0.015 * 600,000= 9000 ?

Answer 1

@dumbcow