How about some more Math?
1) Determine the cash value of the loan points for a $153,000 loan if the points are :
a: 1
b: 4
c: 9
2) Nick purchased a home for $153,000. The lender agreed to loan 80% of the price at 8.75% & 6 points. What is the cash value of the points?
3) A lender will loan Nick 90% of an $90,000 purchase at 8.75% and 6 points. What is the lenders adjusted return on his/her investment?