A homeowner can obtain on property valued at 250000 a, Ask an Expert

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A homeowner can obtain on property valued at $250,000, a 30-year fixed-rate mortgage, LTV=90%, at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.25 points. If she will keep the mortgage for 30 years, what is the net present value of paying the points (to the nearest dollar)?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92873638

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