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2 votes
If you paid 1.5 points to get a $300,000 loan, how much would you expect to pay

User Euclid
by
8.1k points

2 Answers

5 votes

Answer:

the answer is D

Step-by-step explanation:

User Teresita
by
8.7k points
5 votes

Answer:

$4,500

Step-by-step explanation:

1 point = 1% so 1.5 points = 1.5%

1.5% in decimal form is 0.015, multiply $300,000 by 0.015

= 4,500

So the answer is $4,500, you would expect to pay $4,500

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Hope this helped!

Have an amazing day or night!

User Erickb
by
8.9k points

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