Question: Your parents are considering a $ 75,000 , 30 - year mortgage to purchase a new home . The bank at which they have done

Your parents are considering a $ 75,000 , 30 - year mortgage to purchase a new home . The bank at which they have done business for many years offers a rate of 7.54 % compounded monthly A bank nearby is offering 6.87 % compounded monthly . Would it be worthwhile for your parents to switch banks

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