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Problem 12. (a) Suppose you had to choose between a 11% 30-year mortgage or an 10.5% mortgage with 2 discount points. Which should you choose?

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Problem 12. (a) Suppose you had to choose between a 11% 30-year mortgage or an 10.5% mortgage with 2 discount points. Which should you choose? Assume you wished to borrow $100.000 (b) What are the discount points, and why do some mortgage borrowers to pay them

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