Principal (after down payment) $484,500.00 APR: fixed Discount Points Monthly Payment 5.0% No points $2,601.00 Interest from Monthly Raymont $451 960.00 $484,500.00 4.25% 3 points = $14,53 $2,383.00 $272 290 00
Principal (after down payment) $484,500.00 APR: fixed Discount Points Monthly Payment 5.0% No points $2,601.00 Interest from Monthly Raymont $451 960.00 $484,500.00 4.25% 3 points = $14,53 $2,383.00 $272 290 00
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question
Examine the points versus no points chart to respond to the following query:
Determine the percentage that the total interest paid will drop from buying no points to three points. To the closest hundredth, round the final response.
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