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Nady [450]
2 years ago
8

Barry and Bernice have obtained a 30-year, fixed rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points

and their rate is now 6.925%. Factoring in the cost of points, when is the break-even point on their mortgage?
2 years, 11 months

3 years, 11 months

5 years, 10 months

2 years, 4 months
Mathematics
1 answer:
Elena-2011 [213]2 years ago
8 0
Answer: C

Explanation
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