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12-01-2024
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Carl purchased a house that sold for $399,000. He obtained a mortgage of $310,500. The bank charged 1.25 points for an origination fee and 1.5 discount points. What was the total cost of the origination fee and discount points that Carl paid?
A. $7,987.50
B. $7,487.50
C. $7,512.50
D. $8,512.50

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