anonymous
  • anonymous
*Financial Algebra* Julianne is buying a house for $385,000. She obtains a mortgage in the amount of $216,000 at a 6.5% fixed rate. The bank offers a 6.25% interest rate if Julianne pays 3.25 points. What is the cost of points for this mortgage rounded to the nearest dollar? $13,500 $12,513 $7,020 $14,040
Mathematics
  • Stacey Warren - Expert brainly.com
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SOLVED
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schrodinger
  • schrodinger
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anonymous
  • anonymous
Do I (6.25%)(3.25)
anonymous
  • anonymous
what did u get when u did that
anonymous
  • anonymous
0.203125

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anonymous
  • anonymous
3.25 * 216000 ?
anonymous
  • anonymous
I got 702000 is that right ?
anonymous
  • anonymous
SO yea that is right that is what I got to :)
anonymous
  • anonymous
Good job! :)
anonymous
  • anonymous
thanks @lulu22 #300
anonymous
  • anonymous
welcome just need ask and I will help

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