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Is the answer 7? Question 12 1 points Save Answer A homeowner can obtain a $200,000, 30-vear fixed-rate mortgage at a rate of 6.0 percent

image text in transcribedIs the answer 7?

Question 12 1 points Save Answer A homeowner can obtain a $200,000, 30-vear fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.25 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is invested monthly? years (rounded) a. 1 b. 2 3 d 4 e. 5 f. 6 7 h. 8 c. 0 b a Oh

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