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Mathematics, 20.04.2020 20:47 20meansdd

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? (2 points)

$5,440.00

$285.60

$6,827.20

$1,360.00

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Answers: 2

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