Question: 7.5 Homework Complete the following problems. You have 2 attempts. Determine the cost of the points and the new interest rate for each loan amount
7.5 Homework Complete the following problems. You have 2 attempts. Determine the cost of the points and the new interest rate for each loan amount and interest rate. Assume each point costs 1% of the loan amount. a $400.000, original APR 4.1%, 1 point with a 0.2% discount D. $250.000, original APR 3.95%, 2 points with a 0.25% discount per point % b. Cost $ type your answer Interest Rate Interest Rate: type your answer a Cost: S Type your answer Type your
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