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Suppose you have two offers on the mortgage in problem 3: an interest rate of 5% or interest rate of 4% with 1 discount points.

  1. Suppose you have two offers on the mortgage in problem 3: an interest rate of 5% or interest rate of 4% with 1 discount points. If you intend to stay in the house for 7 years, which offer do you accept, %5 or 4% with 1 discount points? Why?

DONT solve it like the ones already solved in Chegg.

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