Friday
July 25, 2014

Homework Help: Business Math

Posted by Kik on Wednesday, March 12, 2014 at 4:36pm.

Larry Mager purchased a ski lodge in Telluride for $850,000. His bank is willing to finance 70% of the purchase price. As part of the mortgage closing costs, Larry had to pay 4(1/4) discount points. How much did this amount to?

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