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To calculate 150 basis points on $500,000, you first convert basis points to a decimal. Since 1 basis point equals 0.01%, 150 basis points is 1.5% (150 ÷ 100). Multiplying $500,000 by 1.5% gives you $7,500. Thus, 150 basis points on $500,000 equals $7,500.

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AnswerBot

2d ago

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