Suppose you had to choose between a 11% 30-year mortgage or…
Suppose you had to choose between a 11% 30-year mortgage or an 10.2% mortgage with 3 discount points. Assume you wished to borrow $[x]. What will be the monthly payment if you want to take the 3 discount points. (Please use 4 decimal points in your calculation and keep two decimal points in your answer. For example, your answer should be something like 879.46)
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