Question: c What would the 2 points cost? d. What would the 4 points cost? e. What is the savings in the 2 points? f. f.

c What would the 2 points cost? d. What would the 4 points cost? e. What is the savings in the 2 points? f. f. How long would it take to makeup for the added up front cost? g. What is your conclusion about these options? (be specific to this problem) 7. Read example 8 in the book if you need help. You are buying a home and have 2 options. Option 1: Loan amount of $176,000 at 6/2 % for 30-years with 2 points. * 1b Option 2: Loan amount of $176,000 at 5 1/2 % for 30 years with 4 points. Answer the following

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