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This includes the question and answer, I'm wondering how to get to the answer. Is there a formula? 6. You are considering the purchase of
This includes the question and answer, I'm wondering how to get to the answer. Is there a formula?
6. You are considering the purchase of a $140,000 home and making a 20% down payment. You can obtain a 15 -year mortgage at 6.50%, but you can get a 5.85% rate by paying 2 discount points. Assuming payments are reinvested, what is the breakeven in months? - 67.79 months Step by Step Solution
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