5.-/1 Points] DETAILS BRECMBC9 14.1.023. MY NOTES ASK YOUR TEACHER The buyer of a piece of real estate is often given the option of buying down the loan. This aption gives the buyer a choice of an terms which ar combinations of interest rates and discount points are offered. The choice of how many points and what rate is sptimal is often a matter of the buyer intends to keep the property Darrell Frye is planning to buy an office building at a cost of $504,000. He must pay 10% down and has a choice of anong term. He ca 9% 30-year loan and pay 4 discount points, a 9.25% 30-year loan and pay 3 discount ponts, or a 5.5% 30-year loan and pay 2 dicunt expects to hold the building for three years and then sell it. Except for the three rate and docunt point combinations, all other its of purchasing selling are fixed and identical. (Round your answers to the nearest cent. Use this table, if necessary) (a) What is the amount being financed? (b) If Darrell chooses the 4-point 9 loan, what will be his total outlay i ponts and payments after 6 months? $ (c) If Darrell chooses the 3-point 9.25% loan, what will be his total outlay a ponts and payments after m (d) If Darrell chooses the 2-point 9.5% loan, what will be his total outlay in points and payments after 2 mo $ (e) of the three choices for a loan, which results in the lowest total outlay for Dareil after 36 months O the 4-point 9% loan O the 3-point 9:25% loan O the 2-point 9.5% loan