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allochka39001 [22]
3 years ago
11

Without buying points, a monthly mortgage payment will be $1,250. buying 1 point at closing would reduce the payment to $1,236.

to the nearest year, how long would it take to break even by buying 1 point, with a $100,000 mortgage?
Mathematics
2 answers:
CaHeK987 [17]3 years ago
7 0

Answer: correct answer is 6, just took the test

Andrej [43]3 years ago
3 0
The answer is B - 5 years.
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