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Your parents are considering a $75,000, 30-year mortgage to purchase a new home. The bank at which they have done business for many years offers
Your parents are considering a $75,000, 30-year mortgage to purchase a new home. The bank at which they have done business for many years offers a rate of 7.54% compounded monthly. A competitor is offering 6.87% compounded monthly. Would it be worthwhile for your parents to switch banks? Explain
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A Study In Public Finance
Authors: A. C. Pigou
1st Edition
1443722766, 978-1443722766
