Bill took out a $125,000.00 mortgage on a lake house. the bank charged 2 points at the closing. the points amounted to $7,500.00. $2,500.00. $750.00. $5,000.00.

the correct answer is option is option B

Step-by-step explanation:

bill took mortgage on lake house of  $125,000.00

the bank charge him 2 points  at the  closing.

2 point closing means bank charges 2 % on the amount.

hence we need to find  2 %  of the mortgage on a lake house

  so , the pointed amount will be

   =

   =  0.02 × 125,000.00

   = 2500

so,  the point amounted is $2500

hence, the correct answer is option is option B

7

step-by-step explanation: