Question: please explain how this is solved (please show your work) Question 1 7 out of 7 points Would you take an offer of 2 discount

please explain how this is solved (please show your work)

Question 1 7 out of 7 points Would you take an offer of 2 discount points to reduce the interest from 9% to 8,5% per year on a $200,000 mortgage loan that matures in 25 years, if you were planning on staying on the house for only 3.5 years before selling it

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