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If the lender quotes a loan origination fee of one point which of the following amount would be the lender's fee on a loan of

  1. If the lender quotes a loan origination fee of one point which of the following amount would be the lender's fee on a loan of 75% of the $12,000?

  1. $84

  2. $280

  3. $840

  4. $1,120

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