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please answer and show steps If you buy a house that costs $96,000 including closing costs, but you make a down payment of 10% of
please answer and show steps
If you buy a house that costs $96,000 including closing costs, but you make a down payment of 10% of that amount, how much will your monthly mortgage payments be on a 15 -year fixedrate loan if the annual interest rate is 4.60% ? Your Answer: What is the net present value of paying points on a mortgage loan if you are borrowing $130,000 for 30 years at 5.49% interest with no points or 5.18% with 2 points assuming you will live in the house and pay the mortgage for 6 years before selling it? Remember to use the with points rate when discounting. Enter your answer rounded to two decimal points. If the NPV is negative, put a hyphen in front of the number. Your Step by Step Solution
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