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Mathematics, 03.12.2020 17:00 tgreenberg2002

Alana is purchasing a $160,000 home and her bank is offering her a 30-year mortgage at a 4.9% interest rate. In order to lower her monthly payment,

Alana will make a 20% down payment and is considering a purchase of 3

points. How much lower will her monthly payment be if she purchases the

points?

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Answers: 2

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