Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be? A. 1.75% B. 0.375% C. 4.15% D. 4.125%

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asked Sep 12, 2022 140k views

21 votes

Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be?

A. 1.75%
B. 0.375%
C. 4.15%
D. 4.125%

Mathematics
college

Hugheth asked

by Hugheth

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2 Answers

9 votes

Answer:

D. 4.125%

Explanation:

Hope this helped!

Romin Manogil answered Sep 12, 2022

by Romin Manogil

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5 votes

Answer:

4.125%

Explanation:

Puggsoy answered Sep 15, 2022

by Puggsoy

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