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A homeowner could take out a 3 0 - year mortgage at a 6 % annual rate on a $ 3 0 0 , 0
A homeowner could take out a year mortgage at a annual rate on a
$ mortgage, or she could finance the purchase with a year mortgage at a annual rate with discount points. Which mortgage is a better deal? Will your answer change if the holding period is years? Show the dollar costsavings
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