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Mathematics, 15.10.2020 08:01 leshia39
You need a loan of $110 comma 000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices. Choice 1: 15-year fixed rate at 6% with closing costs of $1200 and no points. Choice 2: 15-year fixed rate at 5.5% with closing costs of $1200 and 4 points.
What is the monthly payment for choice 1? $
(Do not round until the final answer. Then round to the nearest cent as needed.)
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You need a loan of $110 comma 000 to buy a home. Calculate your monthly payments and total closing c...
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