A mortgage is in the amount of $400,000. The origination fee is 0.2%, the intangible tax is 0.4%, and there are 1.9 discount points. Which of the following is the total cost of the origination fee, intangible tax, and discount points?
$9,200
$10,000
$7,600
$2,400

Someone please help me :(

Total cost of All fee = $10,000

Step-by-step explanation:

Given:

Mortgage amount = $400,000

Origination fee = 0.2%

Intangible tax = 0.4%

Discount point = 1.9

Find:

Total cost of All fee

Computation:

Total cost of All fee = (Mortgage amount)(Origination fee) + (Mortgage amount )(Intangible tax) + (Mortgage amount )(Discount point)

Total cost of All fee = ($400,000)(0.2%) + ($400,000)(0.4%) + ($400,000)(1.9/100)

Total cost of All fee = $800 + $1,600 + $7,600

Total cost of All fee = $10,000

it’s the first one your welcome

step-by-step explanation:

given that ab is divided into equal parts as

ac, cd, de, ef, fg, gh, hi, ib.

from this we find that f is the midpoint of ab.

so using mid point formula we find

f = (3,7)

similarly considering fb, we get

h = mid point of fb = ((6,6) and g, mid point of fh is

g = (9/2, 13/2)

i is mid point of hb

so i =(15/2,11/2)