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77julia77 [94]
3 years ago
8

Nell's mortgage is $50,150 at 10 percent for 30 years.

Mathematics
1 answer:
Rasek [7]3 years ago
7 0

Answer:

The correct option is a.

Step-by-step explanation:

It is given that Nell's mortgage is $50,150 at 10 percent for 30 years and she must pay $8.78 points per $1,000.

<u>EMI on $1000 is $8.78, so EMI on $1 is</u>

EMI on $1 = 8.78/1000 = 0.00878

<u>EMI on $50150 is</u>

<u>EMI on $50150 = 0.00878 x 50150 = 440.317 = 440.32</u>

Therefore the correct option is a.

Hope this help you! ^_^

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