Question
You plan to buy a house for 300,000 dollars. You have two options from banks. Bank A gives for 8% with 1.5 points. Bank B
You plan to buy a house for 300,000 dollars. You have two options from banks. Bank A gives for 8% with 1.5 points. Bank B gives for 8.25% with no points. You plan to live there for 120 months. How do you compare the points? Which bank will you choose.
Show each step of work. Please.
No excel.Please.
Rating will be given.
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Investments An Introduction
Authors: Herbert B. Mayo
13th Edition
0357127951, 978-0357127957
