Question

Nells 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?

A.) 440.32
B.) 439
C.) 422.95
D.) 385.89

Answer 1

I think it the answer is A.) 440.32

50,150 / 1,000 = 50.15
50.15 x 8.78 = 440.317 or 440.32