Mathematics, 06.02.2021 09:50 bankskry
A
Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their rate
is now 6.92596. Factoring in the cost of points, when is the break-even point on their mortgage? (2 points)
a 2 years, 11 months
Ob 3 years, 11 months
Oc
5 years, 10 months
Od
2 years, 4 months
Answers: 2
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Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest...
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