toshanash7546 toshanash7546

17-01-2018
Business

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A building was bought for $185,000, with 10% down and a loan for the balance. if the lender charged the buyer two discount points, how much cash did the buyer need at closing to pay the down payment and the loan fees?

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mialazaro137 mialazaro137

17-01-2018

The borrower needs to bring the 10% down payment and another $3,3330 for points for a total of $21,830.
Answer=$21,830

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