Bill Moore took out an $80,000 mortgage on a ski chalet. The bank charged 4 points at closing. The points in dollars cost Bill:
A) $800
B) $3,200
C) $2,400
D) $1,600
E) None of these
Correct Answer:
Verified
Q26: An amortization schedule shows:
A)Balance of interest outstanding
B)The
Q27: The total cost of interest is equal
Q28: Abe Aster bought a new split level
Q29: Dick Hercher bought a home in Homewood,
Q30: Stu Reese has a $150,000 7 1/2%
Q32: Lizzy Clar bought a home for $160,000,
Q33: Ben Brown bought a home for $225,000.
Q34: Abby's monthly payment is $781.60 per month.
Q35: Points represent:
A)2% of the amount of the
Q36: The difference between the monthly payments on
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents