Darryl is considering a purchase of a $125,000 home at 6.5%. under this rate,
his mortgage payment would be $790.10. if he purchases a point, his new
mortgage payment is $779.83. how many months would it take him to break-
even on the points purchase?
o
a. 126 months
o b. 136 months
o c. 186 months
o
d. 122 months
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