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You just started a job and you'd like to get a house. You have been presented with two offers from the bank for a 15-year term, $200K mortgage: 4.8% interest rate with one point, or 5% interest rate with no points. You think you might have to move and sell the house at the end of 4 years. Which option is better for you?

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Financial Management, Finance

Category:- Financial Management
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