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A lender charges 3.25% of the loan amount for closing costs on a $165000 home loan. Determine the closing costs.
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4 votes
A lender charges 3.25% of the loan amount for closing costs on a $165000 home loan. Determine the closing costs.

User Skyisred
by
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2 Answers

4 votes

Answer:

$5,362.50

Explanation:

User MatWaligora
by
7.9k points
1 vote

Answer:

$5,362.50

Explanation:

3.25% = 0.0325

165000 x 0.0325 = 5,362.50 dollars

User TheMI
by
8.0k points
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