How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is not invested?
A) 7.15 years
B) 3.33 years
C) 6.04 years
D) 5.90 years
E) More than 30 years $5,625 points cost/79.40 payment savings = N = 70.84 months/12 = 5.90 years
Refer To: 07-22
Correct Answer:
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