Nell's 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? (points : 1)
$440.32
$439
$422.95
$385.89

I actually don't know the actual computation. I used a mortgage points calculator and inputted the data given.

The monthly payment given based on its computation was $440.10. The closest answer is 440.32.

The difference in decimal point is due to the rounding off of 8.78 points to 8.8 points in the calculator.

A= r2 × 3.14 11×11 ↓ ↓ 121 × 3.14 = 379.94 → 379.9

Answer: 900°

good luck on your studies! : )

david edward.