Yes! pretty sure they are
Answer:
Step-by-step explanation:
0.615, 0.609, 0.516, 0.506
Answer:
A=$12451.67474
Step-by-step explanation:
A=$12000{(1+3/100)^¼)}^4
A=$12451.67474
Based on the information the amount that the borrower have to pay is $13,000.
2 points represent 2% of the loan amount of $610,000.
Now let calculate the amount to pay using this formula
Amount=(Loan amount× Loan amount percentage)+ Closing costs
Where:
Loan amount=$610,000
Loan amount percentage=2%
Closing costs=$800
Let plug in the formula
Amount=($610,000 x 2%) + $800
Amount= $12,200 + $800
Amount=$13,000
Inconclusion the amount that the borrower have to pay is $13,000.
Learn more about loan here:brainly.com/question/25696681
