The number could be several different ones. Are you sure that's exactly what the problem says? If not, I'm going to ask you write the entire problem. If not, then whoever made it did not give enough information for there to be an absolute answer. I'm sorry I couldn't help you, but I really hope I can with more information.
1/8÷3/8
multiply by the inverse
1/8 x 8/3 = 8/24 or 1/3
Discount points are normally a type of prepaid interests that lowers the interest on subsequent payments for mortgage borrowers pay.
Each of the points is given by:
1 point = 1% of the mortgage value.
Therefore,
Cost of discount points = 0.01*519,000*3 = $15,570
Cost of origination points = 0.01*519,000*2 = $10,380
In this regard, option B. is the correct answer on the cost of discount and origination points respectively.
13 x 12 = 156 square inches
