You are considering buying a condo in NYC. You are borrowing $500,000. You have two financing options:

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Option A: 30-year mortgage 7.8% APR and 1 point

Option B: 30-year mortgage 7.2% APR with two points.

Which option would be best?

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Fundamentals of Electric Circuits

ISBN: 978-0078028229

6th edition

Authors: Charles K Alexander, Matthew Sadiku

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Posted Date: Nov 05, 2022 12:30 AM

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You are considering buying a condo in NYC. You are borrowing $500,000. You have two financing options:

Question:

Expert Answer:

Option B because mor... View the full answer

Fundamentals of Electric Circuits

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