Which of the Following Statements Regarding the Break-Even Point for Paying

question 98

Multiple Choice

Which of the following statements regarding the break-even point for paying discount points in order to get a lower interest rate on the loan is correct?

• A) All else equal, the break-even point for paying points on an original mortgage is longer than the break-even point for paying points on a refinance.
• B) All else equal, the break-even point for paying points on an original mortgage is longer for a taxpayer who does not make extra principal payments each year on the loan than for a taxpayer who does make additional principal payments each year on the loan.
• C) All else equal, the break-even point for a taxpayer paying points on an original mortgage is longer when the taxpayer's marginal income tax rate increases in the years subsequent to the original financing compared to a taxpayer whose marginal tax rate does not change in the years subsequent to the year in which the loan is executed.
• D) None of these statements are correct.

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Update Query

In databases, an Update Query is a command that modifies a set of data in one or more tables based on specified criteria.

Make-Table Query

A database query that creates a new table and populates it with data selected from one or more other tables.

Append Query

In database management, a type of query that adds records from one or more sources to the end of one or more tables.

Update To

Refers to the process of installing the latest version of software or firmware to improve functionality or fix issues.