Question: MC Todd Foley is applying for a... Todd Foley is applying for a $250,000 mortgage. He can get a $1,750 monthly payment for principal and

MC Todd Foley is applying for a... Todd Foley is applying

MC Todd Foley is applying for a... Todd Foley is applying for a $250,000 mortgage. He can get a $1,750 monthly payment for principal and interest and no points, or a $1,575 monthly payment with 4 points? How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment? (Round your answer to the nearest whole number.)

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