Amy purchased a house for $551,000 and obtained a mortgage for $519,000 she purchased 3 discount points and 2 origination points what is the cost for each? a. discount points: $16,530, origination points: $11,020b. discount points: $15,570: origination points: $10,380c. discount points: $11,020: origination points: $16,530d. discount points: $10,380: origination points: $15,579

Discount points are normally a type of prepaid interests that lowers the interest on subsequent payments for mortgage borrowers pay.

Each of the points is given by:

1 point = 1% of the mortgage value.

Therefore,
Cost of discount points = 0.01*519,000*3 = $15,570
Cost of origination points = 0.01*519,000*2 = $10,380

In this regard, option B. is the correct answer on the cost of discount and origination points respectively.

Russell is correct.

Step-by-step explanation:

It is given that Quadrilateral PQRS is located at P (0, 1), Q (3, 2), R (4, 0), and S (1, −1).

Distance formula:

Slope formula:

Using distance and slope formula find the length and slope of each side.

Segment PQ : P(0, 1) and Q(3, 2).

Segment SR : S(1, −1) and R(4, 0).

Segment PS : P(0, 1) and S (1, −1)

Segment QR : Q(3, 2) and R(4, 0)

Slope of parallel lines are same.

Segments PQ and SR are both congruent and parallel, and segments PS and QR are both congruent and parallel.

PQRS is a parallelogram because opposite sides are both congruent and parallel.

Product of slopes of perpendicular lines is -1.

Product of slope of two adjacent sides is

Therefore adjacent sides are not perpendicular. It means the PQRS is not a rectangle.

Therefore, Russell is correct.