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 poi

Question

2 years ago

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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 poi

nts. Which of the following is the total cost of the origination fee, the intangible tax, and the discount points? (show work)
A= $4,200
B= $9,000
C= $10,200
D= $13,200

Mathematics

1 answer:

olchik [2.2K] · Answer 1 · 2022-06-16T08:45:06+03:00

olchik [2.2K]2 years ago

4 0

600,000×(0.005+0.002+0.015)
=13,200