Sebastian took out a mortgage for $169,000 and bought 2 points. His processing fees were $2602, hisappraisal fees were $628, and his title fees were $798. Maya took out a mortgage for $292,000 andbought 1 point. Her processing fees were $2813, her appraisal fees were $901, and her title fees were$1126. Sebastian and Maya want to know which one of them had a larger amount of nonrecurringclosing fees. Help them come up with an answer. (5 points: Part I - 1 point; Part II - 1 point; Part III - 1point; Part IV - 1 point; Part V - 1 point)Part I: How much did Sebastian pay for his points

Q&A Education