Question
A credit union is offering a $425,000 30-year loan with an annual rate of 4.1% with 1.4 points or 3.8% with 1.75 points. If a
A credit union is offering a $425,000 30-year loan with an annual rate of 4.1% with 1.4 points or 3.8% with 1.75 points. If a borrower chooses the second loan, how many months will it take to recoup the additional cost in points? Round up to the nearest month.
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Auditing And Assurance Theory And Practice
Authors: Clifford Gomez
1st Edition
8120345665, 978-8120345669
