Question

1. Nell's mortgage is $50,150 at 10 percent for 30 years. What is her monthly payment if she must pay 8.78 points per $1,000? (Points : 1)
$440.32
$439
$422.95
$385.89
2. Cannon took out a mortgage for $85,290 on his new house. If the interest rate is 8.5 percent and the loan is for 25 years, how much will he pay monthly if he must pay 8.5 points per $1,000? (Points : 1)
$562.29
$724.97
$852.90
$992.25

Answer 1

You multiply the time, money and percent and you get your answer.
That's how I do it.

Answer 2

Thank you :)

Answer 3

@tmijarez You're welcome