If you intend to stay in the house for 30 years, which loan should you choose? Loan A Loan B I would be indifferent between the two choices You decide you would like to limit your out of pocket closing costs, so you select Loan A, with no discount points. Your best friend is going to move in with you and pay $800 per month in rent. If you add the extra money to your monthly mortgage payment, how many years will it take you to pay off your mortgage? 17.64 years 30 years 15.8 years 211.67 years n this Course, do not round until the final answer. The final answer can be significantly different if we round along the vay. For example. If your answer for step 1 of solving a problem is 1.23456789 , you would use 1.23456789 in step 2 . Remember what was said in the video about excel uses a floating decimal point and 15 digits. Example, Excel will use 1. and 14 decimals), 12.(and 13 decimals)......,123456789.(and 6 decimals). Excel will show you 30 decimal places but only calculate using the number of decimals based on the floating point decimal rule. fou may attempt this assignment multiple times. Your latest attempt will be the score that is kept. You have worked hard over the last three years to save up enough money for a down payment on your first home. After meeting with your lender, you are faced with two loan options. Both loans are 30 year, fixed rate mortgages with payments of $1,800 per month. Origination fees will be 2% of the loan amount for either loan. Loan A has an interest rate of 3.0% with no points, while Loan B has a rate of 2.75% with 1.25 points. What is your EBC if you select Loan A? Although your answer is in \%, enter your answer as a whole number with 2 decimal points (no percent sign) (Example 5.38\% Enter 5.38). What is your EBC if you select Loan B? Although your answer is in \%, enter your answer as a whol number with 2 decimal points (no percent sign) (Example 5.38\% Enter 5.38)