Marcie is considering a purchase of a $160,000 home and her bank is
offering her a 5.25%...
Mathematics, 09.04.2020 05:14 georgesk2030
Marcie is considering a purchase of a $160,000 home and her bank is
offering her a 5.25% interest rate on a 30-year mortgage with an option of
purchasing points. The bank is requiring a 20% down payment. If she decides
to apply the price of 2 pcints to her down payment instead, what will her
monthly mortgage payment be? Round your answer to the nearest dollar.
O A. $656
O B. $693
O C. $608
O D. $633
Answers: 3
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