Determine the cost of the points and new interest rate for each loan amount and interest rate. Assume each point costs 1% of the loan amount. a. $250,000 original APR 6.1%, 2 points with a .2% discount per point

b. $260,000 original APR 3.4%, 3 points with a .6% discount per point.

c. $230,000 original APR 5.6%, 1 points with a 5.1% discount per point