Wells Fargo currently has the following rate offerings for 15-year foxed rate mortgages ($1,000,000 loan, monthly payments, constant payments) Points Interest rates Payment APR 1 year YTM 5 year YTM 10 year YTM W 0 5.500% $8,171 5.500% 5.500% 5.500% X 0.25 5.375% $ 8,105 5.413% 5.638% 5.439% Y 0.5 5.250% $8,039 5.776% 5.379% Z 1 5.000% $7,908 6.055% 5.257% Please evaluate the following statement based on the provided information (do not make any calculations) 5.327% 5.153% True False 5.500% 5.417% 5.335% 5.169% Statement: If your horizon is 4-years, you don't have enough information (without additional calculations) to determine the best loan option

parments, contint payments) Please evaluate the following staternent based on the provided intormakion (do not make any calculisons) Statement: If you hoitron is 4 , yours, you dont hwe enough information (without additonal caiculatons) is determino the best loan option True False