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Kurt's bank offered him a 4.75% interest rate for his mortgage. If he purchases 3 points, what will his new rate be? A. 4% B. 0.375% C. 4.375% D. 1.75%

Kurt's bank offered him a 4.75% interest rate for his mortgage. If he purchases 3 points, what will his new rate be? A. 4% B. 0.375% C. 4.375% D. 1.75%
asked 114k views
3 votes
Kurt's bank offered him a 4.75% interest rate for his mortgage. If he

purchases 3 points, what will his new rate be?
A. 4%
B. 0.375%
C. 4.375%
D. 1.75%

asked
User Annakaye
by
8.2k points

2 Answers

2 votes

Answer:

C. 4.375%

Explanation:

answered
User Radu Bompa
by
8.0k points
7 votes

Answer: 4.375% I think

Explanation:

answered
User Terrance Jackson
by
8.4k points
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