Business, 10.03.2020 23:03 jjpeanut30

On Kyle Thomason’s $400,000.00 loan, the lender charges a 2-point service charge. In this situation, how much will Kyle have to pay for this service charge at closing, and how would such a charge appear on the statement?
a) $800.00, as a debit to the buyer.
b) $8,000.00 as a credit to the buyer.
c) $8,000.00 as a debit to the buyer.
d) $80,000.00 debit to the buyer.

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On Kyle Thomason’s $400,000.00 loan, the lender charges a 2-point service charge. In this situation,...