show steps to calculation to put in excel!!! As a borrower, you have the option to choose
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Question:
show steps to calculation to put in excel!!! As a borrower, you have the option to choose between two year, monthlypayment loans: interest rate with points, versus interest with onehalf point.
a Which loan option would you choose if you had a year expected prepayment horizon?
b Which would you choose if you expect to pay off this loan in years?
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