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Business, 14.01.2022 18:10 cmariecarrizales

13. A lender estimates that the closing costs on a $312,500 home loan will be $12,500. The actual closing costs were 4. 5% of the loan amount. Determine if the closing costs were higher or lower than the estimate and by what percent. A. Higher by 0. 125% b. Higher by 0. 25% c. Lower by 0. 125% d. Lower by 0. 25%.

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13. A lender estimates that the closing costs on a $312,500 home loan will be $12,500. The actual cl...
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