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Theodore and Belinda bought a house for $577,300. They obtained a mortgage for $514,400. Their mortgage broker charges a fee of $300 +6.5%. How much are Theodore and Belinda paying in brokerage fees? (show
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Theodore and Belinda bought a house for $577,300. They obtained a mortgage for $514,400. Their mortgage broker charges a fee of $300 +6.5%. How much are Theodore and Belinda paying in brokerage fees? (show work)

A= $33,436
B= $37,824.50
C= $33,736

User NichtJens
by
7.8k points

1 Answer

4 votes
brokerage fees
514,400×0.065+300
=33,736
User Iampat
by
7.8k points
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