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A Loan of $150,000 Is Obtained to Purchase a Home 1121 \frac { 1 } { 2 }

Question 94

Multiple Choice

A loan of $150,000 is obtained to purchase a home. The loan origination fee is 1121 \frac { 1 } { 2 } points. Find the amount of the loan origination fee.


A) $18
B) $225
C) $1125
D) $2250
E) $2700

Correct Answer:

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