Mathematics, 08.05.2021 02:50 skoolroks

The bank offers Manfred 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 $38.42. The cost of the points is $2300. What number is closest to the break even point rounded to the nearest month?

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The bank offers Manfred a fixed rate loan with no points and a fixed rate loan with points. The diff...

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