saul7688 saul7688
  • 25-04-2024
  • Business
Answered

Compare a $200,000 30-year Fixed Rate mortgage at :
1) 7% interest with no points to a $200,000 mortgage
2) 6% interest with 3 points.

a. Calculate the Monthly Loan Payments under each scenario and map out the Cash Flows.



Answer :

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