Please help

Purchasing discount points is a decision which can be financially justified or not justified. Create a unique example where purchasing discount points is not justified, solve the problem, and explain why the decision isn’t justified.

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Please help


Purchasing discount points is a decision which can be financially justified or not justified. Create a unique example where purchasing discount points is not justified, solve the problem, and explain why the decision isn’t justified.

whpalmer4 · Answer

Get out a loan calculator.  Pick an amount to be borrowed, a term, and an interest rate.  Pick a slightly different interest rate, and some number of points to be paid for the privilege of getting that lower interest rate.  Pick a fraction of the length of the loan and see if the loan with points is cheaper than the non-discounted loan.  If it is, pick a smaller fraction, or increase the number of points, or otherwise make the points scenario economically unjustified.

anonymous · Answer

i cant get out a loan calculator im on my phone can you help

whpalmer4 · Answer

your phone only allows you to browse one web page at a time?

anonymous · Answer

no my phone doesnt allow me to open up the calculator

anonymous · Answer

i am trying to finish this study guide fast can u plz help

whpalmer4 · Answer

Pick some numbers and I'll type them into a calculator for you.

anonymous · Answer

how many numbers?

anonymous · Answer

@whpalmer4 you there? i need your helppppp i have to finish this today

whpalmer4 · Answer

Sorry, I'm not in a position to help out today....yesterday, when I made the offer, I could have done so.

anonymous · Answer

wow thanks

whpalmer4 · Answer

http://homes.yahoo.com/calculators/payment.html may be of help