Calculate Big Bird’s net worth using the following informati…

Calculate Big Bird’s net worth using the following information: Yellow Volkswagen Super Beetle (market value)              $  3,000 Auto loan (remaining balance)                                                      $  1,500 Mortgage loan (remaining balance)                                           $25,000 Home (market value)                                                                          $50,000 Monthly Mortgage Payment                                                          $     500 Student loan balance (PhD in Avian Science)                       $  8,000 Electronics                                                                                                 $  1,100 Yearly Income                                                                                           $70,000

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 much will they save in interest by paying for points?