Mathematics, 28.06.2019 16:00 la200564

Without buying points, a monthly mortgage payment will be $958. buying 1 point at closing would reduce the payment to $948.75. if each point costs $1000.00, rounded to the nearest year, how long would it take to break even by buying 1 point? a. 7 years b. 8 years c. 9 years d. 10 years

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Without buying points, a monthly mortgage payment will be $958. buying 1 point at closing would redu...