and if anyone can provide the forumlas aswell

Enable Editing your Office product is inactive. To use for free, sign in and use the Web version Activate Use free at Office.com 6. Read example 7 in your book if you need help U.S. bank offers a loun of 5176,000 for 30 years at 6 % % with dosing costs of $3400 plus 2 points, 11 First Bank offers a rate of 6% but closing costs of $5,000 plus 2 points Answer the following a. What is the saving in closing costs? a b. You already found the monthly payment for US Bank your answer to 1b) What is the monthly payment for First bank? (Same loan amount, same number of years) c. What is the savings in monthly payments if you go with First Bank? d. How many months would it take to recoup the savings US Bank gives up front? d e. What conclusion could you make about closing costs versus a lower interest rate? (be specific to this problem) co