*19. You are buying a house and the mortgage company offers to let you pay a point...
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*19. You are buying a house and the mortgage company offers to let you pay a “point”
(1% of the total amount of the loan) to reduce your APR from 6.5% to 6.25% on your
$400,000, 30-year mortgage with monthly payments. If you plan to be in the house for at least five years, should you do it?
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780134475561
4th Edition
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
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