Od. 8370 adion 3 Solve the problem. Monthly Payment per $1000 of Mortgage Monthly payment ed 25-year 30-year 15-year 28-year Interest loan loan rate loan loan $8. 41 of 9. 5% $10. 45 $9. 33 $8. 73 $8, 78 $10. 75 $9. 66 $9. 09 10. 0% 10. 5% SL1 . 06 $9, 99 $9. 45 $9. 15 11. 8% $11. 37 $10. 33 $9, 81 $9.53 11.5% $11. 69 $10. 66 $10. 16 $9.90 12. 8% $12, 01 $11 . 01 $10.53 $10. 29 12, 5% $12, 33 $11 , 36 $10.90 $10. 67 13. 0% $12, 66 $11 . 72 $11. 28 $11 . 06 Justin Lowery is buying a condominium that sells for $120,000. The bank is requiring a minimum down payment of 15%. To obtain a 20 year mortgage at 7.5% interest, Justin must pay 3 point(s) at the time of closing. What is the cost of the 3 point(s) on the mortgage?? Select one: a. $3060.00 b. $3221.05 $3600.00 $7650.00