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OpenStudy (anonymous):
HELP. Rae and Archie are financing $136,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 5.25%. They have been given the option of purchasing up to four points to lower their rate to 5.02%. How much will the four points cost them? $5,440.00 $285.60 $6,827.20 $1,360.00
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OpenStudy (anonymous):
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