Yolanda closed on a 20 year home loan for $83,000. she chooses to buy only 1 point at closing. by buying a point at her closing,

Question

3 years ago

10

Yolanda closed on a 20 year home loan for $83,000. she chooses to buy only 1 point at closing. by buying a point at her closing,

yolanda reduced her monthly payment by $7.63. based on the fact that yolanda chose to buy a point at closing, what would you infer is the minimum amount of time that she will own the home? A) 6 Years B) 11 Years C) 16 Years D) 20 Years

Mathematics

2 answers:

RUDIKE [14] · Answer 1 · 2022-03-21T19:30:48+03:00

RUDIKE [14]3 years ago

8 0

The correct answer is B) 11 years

Pepsi [2] · Answer 2 · 2022-03-21T21:01:59+03:00

Pepsi [2]3 years ago

4 0

Answer:

Yeah The correct answer is B) 11 years

Step-by-step explanation: