Mark and marcy have obtained a 30-year, fixed rate mortgage for $650,250 with a 7.15% interest rate. they purchased 2 points and their rate is now 6.975%. factoring in the cost of points, when is the break-even point on their mortgage?

14 years, 2 months
9 years, 6 months
7 years, 1 month
7 years, 0 months

In the 10th grade, i was teamed up in a group of four. our project was on modern history. altho it seemed super hard for many of us. patrick fleming  took charge and showed us the understanding of this project.  his leadership showed great ethics and it taught me, personally, how to others understand, not just to show them, but explain it thoroughly. and altho he was a great teacher i would have changed a few things. one being his attitude. many times he would get frustrated and impatient with the group.  i think  a leader i would have done exactly  what he did but with much more patience and be there more to explain. such as lunch  learning. and giving everybody a chance to try to explain it in their  head. 

"undercapitalization"  is best described as the lack of funds to operate a business normally.

Renting provides greater flexibility but can lead to higher costs in the long-term.