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Economics - Financial Markets
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OpenStudy (anonymous):
2) Lindsay is financing $350,000 to purchase a house. How much money will she save over the life of a 30-year, fixed-rate loan by buying 3 points with a rate of 6.375% instead of not buying points with a rate of 6.75%? My answer: D. $31,158 Correct answer: C. $20,658
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