Future Value Problems

30-year fixed-rate mortgage ($100,000) / interest rate of 6.5% / origination fee of 2.5% of loan amount (paid at closing as compensation for NSF’s services) / monthly mortgage payments = $ 632 (b) No points. 30-year fixed-rate mortgage ($100,000) / interest rate of 7.125% / no origination fee (NSF compensated by higher interest rate) / monthly mortgage payments = $ 674 . For some basic ... ................
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