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olga55 [171]
4 years ago
15

Nell's mortgage is $50,150 at 10 percent for 30 years. What is her monthly payment if she must pay 8.78 points per $1,000? (Poin

ts : 1)
$440.32
$439
$422.95
$385.89
Mathematics
1 answer:
Bas_tet [7]4 years ago
3 0
I actually don't know the actual computation. I used a mortgage points calculator and inputted the data given.

The monthly payment given based on its computation was $440.10. The closest answer is 440.32.

The difference in decimal point is due to the rounding off of 8.78 points to 8.8 points in the calculator.
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