Question
A mortgage broker offers you a 10-year fixed rate mortgage over $500,000 with an APR of 7.2%. Alternatively, you can pay some points to reduce
A mortgage broker offers you a 10-year fixed rate mortgage over $500,000 with an APR of 7.2%. Alternatively, you can pay some points to reduce the APR to 0.067 or 6.7%. A point is one percent of the loan amount.
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Accounting
Authors: Carl warren, James Reeve, Jonathen Duchac, Sheila Elworthy,
Volume 1, 2nd canadian Edition
176509739, 978-0176509736, 978-0176509743
