Mathematics, 09.04.2021 21:40 lizzymikaelson22

Millie is considering a zero closing cost loan. She wants to borrow $600000. Her lending institution is offering her a 3.49% loan for each 1% of her principal credited to her. To cover the banks closing costs she will need 2 negative points. Determine millies break even time. She plans on staying in this house for the full term of the loan. Is this purchase of negative points a wise decision? Explain

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Millie is considering a zero closing cost loan. She wants to borrow $600000. Her lending institution...