Correct me ?
Richard and Amy are financing $140,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5.15%. They have been given the option of purchasing up to five points to lower their rate to 4.93%. How much will the five points cost them?

$7,210

$7,000

$6,902

Question

Correct me ?
Richard and Amy are financing $140,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5.15%. They have been given the option of purchasing up to five points to lower their rate to 4.93%. How much will the five points cost them?

 $7,210

 $7,000

 $6,902<--- My answer 

 $1,400

anonymous · Answer

I shouldnt help u for laughing at me lol joke but yo answer right

anonymous · Answer

LOL IM SWARRRYY !

anonymous · Answer

lol its all good u still my best friend I guess