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Business, 31.07.2019 06:10 Xavierayala2003

Yolanda closed on a 20 year home loan for $83,000. she chooses to buy only 1 point at closing. by buying a point at her closing, yolanda reduced her monthly payment by $7.63. based on the fact that yolanda chose to buy a point at closing, what would you infer is the minimum amount of time that she will own the home?
(a) 6 years
(b) 11 years
(c) 8 years
(d) 16 years

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Yolanda closed on a 20 year home loan for $83,000. she chooses to buy only 1 point at closing. by bu...
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