Question: Answer correct with all steps and without excel!! A homeowner can obtain a $2.5 million, 30-year fixed-rato mortgage at a rate of 6.0 percent with

Answer correct with all steps and without excel!!

Answer correct with all steps and without excel!! A homeowner can obtain

A homeowner can obtain a \$2.5 million, 30-year fixed-rato mortgage at a rate of 6.0 percent with zero point or at a rate of 5.5 percent with 2.25 points. Which is the better option

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