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OpenStudy (anonymous):
Randall and Augustine are financing $148,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 4.95%. They have been given the option of purchasing up to five points to lower their rate to 4.73%. How much will the five points cost them?
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OpenStudy (justnick09):
102889.6
OpenStudy (anonymous):
that's not it
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