Question: Question 13 1 pts A borrower is purchasing a property for $180,000 and can choose between two possible loan alternatives. The first is a 90%

Question 13 1 pts A borrower is purchasing a property for $180,000 and can choose between two possible loan alternatives. The first is a 90% loan for 25 years at 9% interest and 1 point and the second is a 95% loan for 25 years at 9.25% interest and 1 point. Assuming the loan will be repaid in 5 years, what is the incremental cost of borrowing the extra money? 12.39% 144296 13.9595 13.67% 1 pts

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