Amanda, a mortgage agent, is presenting the borrower disclosure to her client, Suzanne. In reviewing the borrower disclosure Suzanne is telling Amanda that she is confused about what the cost of borrowing is supposed to include. In explaining the cost of borrowing to Suzanne. Amanda should tell her that the cost of borrowing represents:

Select one:

a$.$ Both a percentage of the total amount of the mortgage and the total in dollars and cents

b$.$ A percentage of the total amount of the mortgage but not the total in dollars and cents

c$.$ The cost of borrowing is not included in the borrower disclosure document

d$.$ The total in dollars and cents but not the percentage of the total amount of the mortgage