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Mathematics 10 Online
OpenStudy (pphalke):

Monica wishes to borrow $325,000 to purchase a home. She will get a 30 year mortgage and the bank is offering a rate of 5.75%. If she buys down the rate to 5.25%, by how much will she reduce her monthly payment? if she pays $6,500 for the points, how long will it take for her to recover the cost?

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