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If your lender offers you a $525,000 mortgage at 8% annual rate compounded monthly fixed for 30 years with no points or 7.75% with one
If your lender offers you a $525,000 mortgage at 8% annual rate compounded monthly fixed for 30 years with no points or 7.75% with one point calculate the breakeven analysis without time value and with time value? What is the anticipated total interest, you will pay at 8% rate over 30 years?
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