Mathematics, 20.04.2020 20:47 20meansdd
Rae and Archie are financing $136,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5.25%. They have been given the option of purchasing up to four points to lower their rate to 5.02%. How much will the four points cost them? (2 points)
$5,440.00
$285.60
$6,827.20
$1,360.00
Answers: 2
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Rae and Archie are financing $136,000 to purchase a condominium. They obtained a 15-year, fixed-rate...
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