Randy and Rhoda just got married and found their dream home….

Randy and Rhoda just got married and found their dream home. They will need to take out a loan of $96,000 to pay for the home, as they have a $24,000 down payment. Randy and Rhoda qualify for their loan at 4% for 30 years. Randy and Rhoda have the opportunity to purchase 2 points to lower their interest rate to 2%.   How long will it take them to break even?

Click on the link below to launch the ALEKS website and sign…

Click on the link below to launch the ALEKS website and sign in to your account. https://www.aleks.com/ You will need to enter the following password into ALEKS to begin the knowledge check: Aleks Password: LEMONPI  Remember to leave the Canvas/Procotrio quiz tab open and active throughout the assessment on Aleks.  Once you have completed the scheduled knowledge check in Aleks, navigate back to this canvas quiz and enter your new overall pie progress as a percentage in the answer box below.  (You can find this percentage by clicking down on the center of your pie chart on your Aleks dashboard.) Then click submit on the quiz.