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Mathematics, 12.04.2021 01:00 Naysa150724

A bank offers the following loans: Bank A Bank B
$105,000
30-year fixed
5.875%
1.25 discount points
M = $621.11
$105,000
30-year fixed
6%
0 discount points
M = $629.53

What is the break-even point for the loans? (4 points)
about 7 years
about 10 years
about 13 years
about 16 years

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Answers: 2

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A bank offers the following loans: Bank A Bank B
$105,000
30-year fixed
5.875%
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Mathematics, 16.04.2020 17:48
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