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Corporations and humans go through a similar decision-making process when buying assets. In this case, you are buying a house and your mortgage company/bank offers

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Corporations and humans go through a similar decision-making process when buying assets. In this case, you are buying a house and your mortgage company/bank offers to let you buy a "point" ( 1% of the loan amount) to reduce your APR from 6.5% to 6.25% on your 30 -year mortgage. You can pick any mortgage amount between $200,000 to $1,000,000. Explain when you would/should buy the point and when you would/should not buy the point for the three scenarios below if: A) If you plan to be in the house for less than 5 years? B) If the plan is to be in the house for 515 years. C) If the plan is this is your "forever" home. This means you have the mortgage for the full 30 years. Include your calculations

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