Question

Randall and Augustine are financing $148,000 to purchase a condo. They obtained a 15 year fixed rate loan with a rate of 4.95%. They have vern given the option of purchasing up to five points to lower their rate to 4.73%. How much will the five points cost them?
A - $7,000.40
B - $325.60
C - $1,480.00
D - $7,400.00

Answer 1

325.60 B..........bbbbbbbbb