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17 A customer is seeking a $150,000 home mortgage. The bank requires the customer to pay 1 points up front. How much of the loan

17 A customer is seeking a $150,000 home mortgage. The bank requires the customer to pay 1 points up front. How much of the loan amount will actually be available to the customer if the bank approves the loan?

A. $150,000

B. $152,625

C. $147,375

D. $148,000

E. None of the options is correct

THE ANSWER IS (C) PLEASE SHOW YOUR WORK

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