Question

please help.
The bank offers Mark a fixed rate loan with no points and a fixed rate loan with points. The difference in monthly payments between the loan with points and the loan without points is $19.18. The cost of the points is $1,200. What number is closest to the break-even point rounded to the nearest month?

5 months

12 months

42 months

63 months

Answer 1

@NaCl

Answer 2

what mod is this ?

Answer 3

mortgage 08

Answer 4

@NaCl

Answer 5

ok lemme see what I can do !

Answer 6

FYI when you get to investment it's mad easy !

Answer 7

ok thanks so much, i only have a few more days to finish this

Answer 8

Imma go with 42 months