The loan Amount is : 100,000 The number of years: 5 years 1- Suppose you...
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Finance
The loan Amount is : 100,000
The number of years: 5 years
1- Suppose you have two offers on the mortgage in problem 3: an interest rate of 5% or interest rate of 4% with 2 discount points. If you intend to stay in the house for 7 years, which offer do you accept, %5 or 4% with 2 discount points? Why?
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