Question: Name Date 12. A closing cost fee is often charged for processing a loan. An apple grower borrowed $35,500 to build additional refrigerated storage facilities.

Name Date 12. A "closing cost" fee is often charged for

Name Date 12. A "closing cost" fee is often charged for processing a loan. An apple grower borrowed $35,500 to build additional refrigerated storage facilities. If the lending agency charges legal fees of $200 plus 1/2 percent of the amount by which the loan exceeds $20,000, what is the amount of the "closing cost" on this loan

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