Solved: How long must the owner stay in the house to make it, Basic Statistics

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How long must the owner stay in the house to make it

A homeowner can obtain a $350,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.5 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment savings are invested monthly?

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Basic Statistics: How long must the owner stay in the house to make it

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