Which of the following is used by credit card companies to determine an
APR?
O
A. Prime rate + credit history
O
B. Prime rate + introductory APR
O
C. Prime rate + standard APR
O
D. Introductory APR + standard APR
SUBMIT

Melissa is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. in order to lower her monthly payment, melissa will make a 20% down payment and will purchase 3 points. what will her monthly mortgage payment be? a. $645.98 b. $650.46 c. $662.93 d. $606.69