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Two mortgage options are available: a 30-year fixed-rate loan at 6% with no discount points. and a 30-year fixed-rate loan at 5.75% with points. If
Two mortgage options are available: a 30-year fixed-rate loan at 6% with no discount points. and a 30-year fixed-rate loan at 5.75% with points. If you are planning on living inthe house for 12 years, what is the most you are willing to pay in points for the 5.75% mortgage? Assume a $100,000 mortgage
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