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Suppose you have two offers on the mortgage in problem 1: an interest rate of 5% or interest rate of 4% with 2 discount points.
- Suppose you have two offers on the mortgage in problem 1: an interest rate of 5% or interest rate of 4% with 2 discount points. If you intend to stay in the huse for 7 years, which offer do you accept, %5 or 4% with 2 discount points? Why?
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Foundations Of Financial Management
Authors: Stanley B. Block, Geoffrey A. Hirt, Bartley R. Danielsen
13th Edition
0073382388, 978-0073382388
