Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate
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Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate loan with a rate of 5.05%. They have been given the option of purchasing up to four points to lower their rate to 4.81%. How much will the 4 points cost them?
Related Book For
Principles Of Managerial Finance
ISBN: 978-0136119463
13th Edition
Authors: Lawrence J. Gitman, Chad J. Zutter
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