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Question 21 2 pts Two mortgage options are available: (A) a 15-year fixed-rate loan at 6% with no discount points and (B) a 15-year fixed-rate
Question 21 2 pts Two mortgage options are available: (A) a 15-year fixed-rate loan at 6% with no discount points and (B) a 15-year fixed-rate loan at 5.75% with one discount point. Assuming you will not pay off the loan early, what is the effective annual yield on mortgage A? Assume the mortgage amount is $100,000. Question 22 2 pts Using the information in the prior problem, what is the effective annual yield on mortgage B? Question 23 1 pts Using the information from the prior two questions, which mortgage is a better deal for you? B
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