Business, 01.04.2021 17:40 mooncake9090

Todd Foley is applying for a $136,000 mortgage. He can get a $838 monthly payment for principal and interest and no points, or a $728 monthly payment with 2.35 points. Approximately, how many months will it take Todd to cover the cost of the discount points if he takes the lower monthly payment

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Todd Foley is applying for a $136,000 mortgage. He can get a $838 monthly payment for principal and...

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