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A homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with...

A homeowner can obtain a $250,000, 30-year fixed-rate mortgage at a rate of 6.0 percent with zero points or at a rate of 5.5 percent with 2.25 points. How long must the owner stay in the house to make it worthwhile to pay the points if the payment saving is not invested?

show in excel please

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ANSWERS ARE ROUNDED TO 2 DECIMALS AND GIVEN IN MONTHS AND YEARS

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