Mathematics, 13.02.2020 05:34 veritoburito

13. A bank offers the following loans:
Bank A
Bank B
$105,000
$105,000
30-year fixed 30-year fixed
5.875%
6%
1.25 discount points 0 discount points
M=$621.11 M=$629.53
What is the break-even point for the loans?
about 7 years
about 10 years
about 13 years
about 16 years

Answers: 3

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13. A bank offers the following loans:
Bank A
Bank B
$105,000
$105,000
...