How long must the owner stay in the house

Assignment Help Finance Basics

Reference no: EM13284300

A homeowner can obtain a $150,000 thirty year fixed rate mortgage at a rate of 7.5% with zero points or at a rate of 7.0% with 2 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is invested monthly?

Reference no: EM13284300

Questions Cloud

Design a system using a counter that produces a 1 output : Design a system using a counter that produces a 1 output when theinput has been 1 for eight or more consecutive clock times. Use acounter with a clocked active low clear and no enable input.

Explain the process is endothermic or exothermic : Calculate DE, and determine whether the process is endothermic or exothermic for the following cases: A system releases 43 kJ of heat to the surroundings and has 665 kJ of work done on it by the surroundings.

Determine the magnitude of the attractive force : Three equal positive point charges of magnitude Q = 6.00? C are located at three corners of a square of edge length d = 2.6 cm, What is the magnitude of the attractive force

What is the required signal power at the receiver of link : You are repairing a guided transmission system made up oftransmitter module, coaxial link and a receiver. The receiver'serror rate has jumped dramatically recently after an electrical storm when several repairs were made to the system.

How long must the owner stay in the house : A homeowner can obtain a $150,000 thirty year fixed rate mortgage at a rate of 7.5% with zero points or at a rate of 7.0% with 2 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is inv..

Determine the true distance between the points : A 30-meter steel tape is correct at a temperature of 20.0(C). The distance between two points, What is the true distance between the points

State activation energies and energy changes : Based on activation energies and energy changes and assuming that all collision factors are the same, answer the following questions- Which of the following reactions would be fastest in the forward direction

Find the midband gain and the upper half-power freq : The available powersupply voltages are VCC = 15 V andVEE=-15 V. Maximize |Avs| in a manner consistent with the otherspecifications. Use SPICE to find the midband gain and the upperhalf-power frequency for your design.

Ortega is not satisfied with the traditional method of alloc : Ortega is not satisfied with the traditional method of allocating

User Account

All Pages