If You Purchase a $110,000 and Make a 10% Down

question 169

Multiple Choice

If you purchase a $110,000 and make a 10% down payment,how much would 1 point cost at closing?

• A) $ 765
• B) $ 990
• C) $1,100
• D) $1,530
• E) $1,800

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Definitions:

Compressed Workweek

An employment schedule that allows a full-time job to be completed in fewer days than the traditional five-day workweek.

Standard Five Days

Typically refers to the conventional workweek structure, Monday through Friday, that is observed by many organizations and businesses.

Telecommuting

A work arrangement in which employees do not commute to a central place of work, instead working remotely, often from home.

Fixed Hours

A work schedule where employees are required to work a specific number of hours and at specific times each workday.