Please help me with a Personal Finance homework questions!!!

Posted on 2013-12-19 11:27:00 in Finance by BOMBSITE B

I have been trying to figure this question out for days but I just can't seem to find a way to solve it. Please help me.



Question: Suppose you accept a mortgage for $150,000. What finance charges will you have to pay at closing if the lender charges (a) 1 point, (b) 2 points, or (c) 3 points?

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