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If one discount point costs the borrower 1% of the loan amount and increases the lender's yeild by ⅛ of 1 percent how many discount points must be purchased to lower the interest rate by 1 percent
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If one discount point costs the borrower 1% of the loan amount and increases the lender's yeild by ⅛ of 1 percent how many discount points must be purchased to lower the interest rate by 1 percent

User Velina
by
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1 Answer

2 votes

Answer:

He has to buy 8 of course

Explanation:

User EMdOS
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