rose and andrew are financing 128,000 to purchase a condominium. they obtain a 15-year fixed rate loan with a rate of 5.05%. they have been given the option of purchasing up to four points to lower their rate to 4.81%. how much will the four points cost them?

Question

saylilbaby · Answer

@triciaal

saylilbaby · Answer

@marigirl @brainpower7

triciaal · Answer

what is the difference in the amount of finance charge when the interest rate is 5.05% and when the rate is 4.81% ?

triciaal · Answer

do you have choices?  I have $4500

saylilbaby · Answer

im confused @triciaal  this math was given to me by my online school. its called advanced algebra with financial applications. i never heard of this being a 12th grade math. i have had many tutors look over this and  not understand it

saylilbaby · Answer

a.307.20
b.1280.00
c.5120.00
d.7680.00
@triciaal

triciaal · Answer

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