13. A bank offers the following loans: Bank A Bank B $105,000 $105,000 30-year fixed 30-year fixed 5.875

Question

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

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Camila 3 weeks 2022-01-01T15:14:38+00:00 1 Answer 0 views 0

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    2022-01-01T15:16:32+00:00

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