Solved

A Borrower Signs a Loan Agreement for $50,000

Question 8

Multiple Choice

A borrower signs a loan agreement for $50,000. Out of this, the lender charges a $500.00 loan origination fee and two discount points. How much cash does the borrower get?


A) $46,600
B) $47,000
C) $48,500
D) $49,000

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