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Do not copy from anywhere like chatgpt(AI). They give wrong answers. Give your own calculation. Need correct and accurate answers. If you give incorrect answers
Do not copy from anywhere like chatgpt(AI). They give wrong answers. Give your own calculation. Need correct and accurate answers. If you give incorrect answers I will downvote you. No explanation is required. You can answer just the exact number in the box. But make sure it is correct.
Suppose you want to buy a house that costs $350,000. You have $70,000 dollars for a down payment. The bank is offering two different mortgage options. - Option A: 25-year mortgage at 5.0\%. - Option B: 25 -year mortgage at 4.6% with two points. The cost of the points will be rolled into the mortgage. Compute the monthly payments for mortgage option A. (round to the nearest cent) $ Compute the total cost of the home using mortgage option A. (round to the nearest dollar) Compute the monthly payments for mortgage option B. (round to the nearest cent) $ Compute the total cost of the home using mortgage option B. (round to the nearest dollar) Assuming all other factors are the same, which mortgage option should you choose? Option A Option B There is no difference between the options There is not enough information to sayStep by Step Solution
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