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Todd Foley is applying for a $100,000 mortgage. He can get a $600 monthly payment for principal and interest and no points, or a $520 monthly payment with 2 points? How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment? A. 6 B. 10 C. 18 D. 25
6 B
Siao29|Points 50|
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Asked 8/8/2012 1:37:25 PM
Updated 8/20/2012 1:14:02 PM
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The answer is D. 25
Added 8/20/2012 1:14:02 PM
Rated good by alfred123
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