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You Have Just Taken a $110,000 FRM at 8% for 30

Question 25

Multiple Choice

You have just taken a $110,000 FRM at 8% for 30 years,monthly payments.You know that your APR is 8.214% but you cannot remember how many discount points you paid.If you had $550 in financing fees other than discount points,the points you paid were:


A) $2,200 or 2 points
B) $2,245 or 2.04 points
C) $1,650 or 1.50 points
D) $1,695 or 1.54 points
E) none of the above

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