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loan: 100,000 years: 5 years 1- Suppose you have two offers on the mortgage in...

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Finance

loan: 100,000

years: 5 years

1- Suppose you have two offers on the mortgage in problem 3: an interest rate of 5% or interest rate of 4% with 2 discount points. If you intend to stay in the house for 7 years, which offer do you accept, %5 or 4% with 2 discount points? Why?

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