Answer:
0.03
Step-by-step explanation:
We have been given that a $75,000 loan requires $1,875 in discount points to be paid by seller and $375 in discount points to be paid by the buyer.
First of all, we will add the seller discount points and buyer discount points.
[tex]\$1875+\$375=\$2250[/tex]
Now, we will divide sum of discount points by total loan amount to find the total discount points as:
[tex]\text{Total discount points}=\frac{\$2250}{\$75,000}[/tex]
[tex]\text{Total discount points}=0.03[/tex]
Therefore, total discount points would be 0.03.
