In which of the following cases would you most likely buy a point when closing on a home loan? The monthly payment is reduced by $8 and you plan to sell the home at the end of 3 years. b. The monthly payment is reduced by $10 and you plan to sell the home at the end of 4 years. The monthly payment is reduced by $12 and you plan to sell the home at the end of 5 years. d. The monthly payment is reduced by $14 and you plan to sell the home at the end of 7 years. Please select the best answer.

Question

05-03-2021
Mathematics

Answered

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In which of the following cases would you most likely buy a point when closing on a home loan? The monthly payment is reduced by $8 and you plan to sell the home at the end of 3 years. b. The monthly payment is reduced by $10 and you plan to sell the home at the end of 4 years. The monthly payment is reduced by $12 and you plan to sell the home at the end of 5 years. d. The monthly payment is reduced by $14 and you plan to sell the home at the end of 7 years. Please select the best answer.

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