bebert bebert
  • 15-09-2018
  • Mathematics
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Jenny is buying a house for $335,000. She obtains a mortgage in the amount of $186,000 at a 5.5% fixed rate. The bank offers a 5.25% interest rate if Jenny pays 3.75 points. What is the cost of points for this mortgage rounded to the nearest dollar.

A) $10,230
B) $12,563
C) $9765
D) $6975

Respuesta :

ianaiman0212pf3cto
ianaiman0212pf3cto ianaiman0212pf3cto
  • 15-09-2018
Answers D : 3.75/100=3/80
3/80 x 186000 = $6975
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