Friday
September 19, 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?

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Finance - You have just purchased a new warehouse. To finance the purchase, you'...
finance - You have just purchased a new warehouse. To finance the purchase, you’...
Finance - You have just purchased a new warehouse. To finance the purchase, you ...
SMU - You have just purchased a new warehouse. To finance the purchase, you've ...
Corporate law - At a closing at 10 a.m. on May 3, 2005, X Corp. delivers $25,000...
AC 323CT - . Harold Stevenson purchased substantially all of the business assets...
Math - A 30 year fixed rate $100,000 mortgage loan . The interest rate is 7.5% ...
real estate finance - A property sells for $125,000 and the homeowner has a ...
Finance - Say that you purchase a house for $270,000 by getting a mortgage for $...
math - Refer to the following list of closing costs for purchase of a $ 175,000...

Search
Members