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15. A building was bought for $200,000 with 10% down and a loan for the balance. If the lender charged the buyer three discount points, how much cash did the buyer need to complete the transaction? A. $5,400 B. $14,600 C. $20,000 D. $25,400

15. A building was bought for $200,000 with 10% down and a loan for the balance. If the lender charged the buyer three discount points, how much cash did the buyer need to complete the transaction? A. $5,400 B. $14,600 C. $20,000 D. $25,400

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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0. the tenant owes the buyer $275. the buyer ds carnest money and has a loan commitment for 70% of the purchase price. How much more cash does the buyer need to complete the transaction? A. $5,000 B. $19,000 C. $24,000 D. $29,000 15. A building was bought for $200,000 with 10% down and a loan for the balance. If the lender charged the buyer three discount points, how much cash did the buyer need to complete the transaction? A. $5,400 B. $14,600 C. $20,000 D. $25,400
Transcribed Image Text:0. the tenant owes the buyer $275. the buyer ds carnest money and has a loan commitment for 70% of the purchase price. How much more cash does the buyer need to complete the transaction? A. $5,000 B. $19,000 C. $24,000 D. $29,000 15. A building was bought for $200,000 with 10% down and a loan for the balance. If the lender charged the buyer three discount points, how much cash did the buyer need to complete the transaction? A. $5,400 B. $14,600 C. $20,000 D. $25,400
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