Question

Alejandro decided on purchasing a $160,000 home. At closing he brought a check for $4940. The closing costs were as follows:

Title Fee $545
Processing Fee $2100
Appraisal $695

Based on this information, how many points did Alejandro purchase?
A. 1
B. 2
C. 0
D. 3​

Answer 1

Answer:is actually 1

Explanation:

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Answer 2

Answer: 1

Step-by-step explanation: 545+2100+695= 3340

$4,940-$3,340= $1,600

1600/160,000 x 100 = 1