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please show financial calculator work! You plan to purchase a house for $199,000 using a 15-year mortgage obtained from your local bank. You will make

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You plan to purchase a house for $199,000 using a 15-year mortgage obtained from your local bank. You will make a down payment of 20 percent of the purchase price. You will not pay off the mortgage early. Assume the homeowner will remain in the house for the full term and ignore taxes in your analysis. a. Your bank offers you the following two options for payment. Which option should you choose? b. Your bank offers you the following two options for payments. Which option should you choose? a Which option should you choose? b Which option should you choose? Note: There are no closing costs other than points paid ase a house for $199,000 using a 15-year mortgage obtained from your local bank- purchase price. You will not pay off the mortgage early. Assume the homeowner xes in your analysis. you the following two options for payment. Which option should you choose? you the following two options for payments. Which option should you choose? should you choose? should you choose? closing costs other than poi Option 1: Mortgage rate of 5.6 percent and zero points. Option 2: Mortgage rate of 5.2 percent and 3 points. Using a 15-year mortgage obtained from your local bank. Yc ce. You will not pay off the mortgage early. Assume the homeowner will nalysis. wing two options for payment. Which option should you choose? wing two options for payments. Which option should you choose? e? e? han pointe NE Option 1: Mortgage rate of 5.3 percent and 2 points. Option 2: Mortgage rate of 5.13 percent and 2.5 points

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