Two mortgage options are available a 15-year fixed-rate, Financial Management

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Two mortgage options are available a 15-year fixed-rate

Two mortgage options are available: a 15-year fixed-rate loan at 6% with no discount points, and a 15-year fixed-rate loan at 5.75% with 1 discount point. Assuming you will not pay off the loan early, which alternative is best for you? Assume a $100,000 mortgage.

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