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You need a loan of $150,000 to buy a home. Calculate your monthly payments and...

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Accounting

image You need a loan of $150,000 to buy a home. Calculate your monthly payments and total closing costs for each choice below. Briefly discuss how you would decide between the two choices. Choice 1: 15-year fixed rate at 6% with closing costs of $2500 and no points. Choice 2: 15-year fixed rate at 5.5% with closing costs of $2500 and 3 points

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