avivic1234 avivic1234
  • 23-06-2018
  • Mathematics
contestada

Someone help me please

Someone help me please class=

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afrazi01p8qv5j
afrazi01p8qv5j afrazi01p8qv5j
  • 23-06-2018
First, lets work out how much Shawn paid in fees. 
$545 + $2100 + $695 = $3340
This means after fees, Shawn has $3095 left.
A point means 1% of the mortgage. After fees, Shawn paid $3095 for 2 points or 2% of the mortgage. So, 3095 / 2 = 1547.5, meaning 1547.5 is 1% of the mortgage. 
After finding that, we need only multiply that by 100 to find the total cost of the house. 1547.5 * 100 = 154750. Meaning the correct answer is D.
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