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Question - Broker Bob lists a farm measuring one-quarter mile square. The list price is $3,000.00 per acre with a commission of six percent. The land is sold in a cooperative sale for a price of 90% of the list price. The buyer applies for a loan with a 20% down-payment, 30 year term, 5 percent interest and pays 2 discount points. The two brokers equally share the commission. How much did Broker Bob receive?
A. $3,240
B. $3,600
C. $6,480
D. $7,200
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