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Bill Moore took out an $80,000 mortgage on a ski chalet. The

 
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Bill Moore took out an $80,000 mortgage on a ski chalet. The bank charged 4 points at closing. The points in dollars cost Bill:

1. $800
2. $3,200
3. $2,400
4. $1,600
5. None of these

Submitted: 863 days and 13 hours ago.
Category: Homework
Value: $16
Status: CLOSED

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Expert:  Kathy replied863 days and 13 hours ago.

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Expert TypeTeacher
Category: Homework
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Accepts: 2302
Answered: 1/7/2011

Experience: Elementary teacher for 16 years Bilingual Spanish English and with a Psychology Masters

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