A homeowner can obtain a 250000 30-year fixed-rate mortgage, Ask an Expert

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A homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.25 points. If you will keep the mortgage for 30 years, what is the net present value of paying the points (to the nearest dollar)? Please show all work.

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M93056101

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