SOLUTION: Hello, my question/problem is: Darrell Frye is planning to buy an office building at a cost of $987,000. He must pay 10% down. He can select a 9% 30-year loan and pay 4 discount po
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Question 1197401: Hello, my question/problem is: Darrell Frye is planning to buy an office building at a cost of $987,000. He must pay 10% down. He can select a 9% 30-year loan and pay 4 discount points. Darrell expects to hold the building for two years and then sell it. (Round your answers to the nearest cent. Use this table, if necessary.)
If Darrell chooses the 4-point 9% loan, what will be his total outlay in points and payments after 24 months?
Please explain how to do this because I have more questions like this but with different numbers. Thank you Answer by math_tutor2020(3817) (Show Source):
You can put this solution on YOUR website!
You mentioned "Use this table", but didn't provide the table of values. Please update. Thank you.
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