A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that the loan carries an annual interest rate of 5.125% with 1.0 points upfront. Due to points and other origination fees, the loan has an APR of 5.315%. How much is the "other origination fees" this lender charges the borrower? O $1,000 O $1,473 O $1,752 O $1,947

A borrower seeks to borrower $175,000, 30-year CPM. The lender discloses to the borrower that the loan carries an annual interest rate of 5.125% with 1.0 points upfront. Due to points and other origination fees, the loan has an APR of 5.315%. How much is the "other origination fees" this lender charges the borrower? O $1,000 O $1,473 O $1,752 O $1,947

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 21MC: A customer takes out a loan of $130,000 on January 1, with a maturity date of 36 months, and an...

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