Question 10(Multiple Choice Worth 4 points)
(Mortgage Loans LC)
Two homebuyers are financing $137,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5,06%
They have been given the option of purchasing up to three points to lower their rate to 4.87%. How much will the three pointa cor
them?
O$6,919
O $6,199
O$4,110
P
O $4,101