You have a choice between two fully amortizing home loans a


You have a choice between two fully amortizing home loans: a $90,000, 13%, 25 year loan and an $80,000, 12%, 25 year loan. What if the lender charges 2 points on both loans and the loan is paid off at the end of the 5th year. What is the IBC?

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Business Economics: You have a choice between two fully amortizing home loans a
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