Question: On March 3 1 , year 1 , Mary borrowed $ 1 8 0 , 0 0 0 to buy her principal residence. Mary paid

On March 31, year 1, Mary borrowed $180,000 to buy her principal residence. Mary paid 3 points to reduce her interest rate from 4 percent to 3 percent. The loan is for a 30-year period. What is Mary's year 1 deduction for her points paid?
Multiple Choice
$45
$180
$4,050
$5,400
On March 3 1 , year 1 , Mary borrowed $ 1 8 0 , 0

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