Todd Foley Is Applying for a $100,000 Mortgage

Multiple Choice

Todd Foley is applying for a $100,000 mortgage.He can select either a $600 monthly payment with no points or a $ 520 payment with two points.How many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment?

A) 6
B) 10
C) 18
D) 25
E) 48