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OpenStudy (anonymous):
Johnny's bank offered him a 4.95% interest rate for his mortgage. If he purchases 3 points, what will be his new rate? A) 4.575% B) 4% C) 1.75% D) 4.375%
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OpenStudy (anonymous):
4.95 divided by 3. To the tenth is 1.75%. So C would be your answer > divide > round :) If you need anymore help let me know. Have a nice day.
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