Mathematics, 25.02.2021 01:10 hahHcjckk
A new home that costs $490,000 has presented itself. You want to make a 20% down payment and finance the rest. The bank has offered an opportunity to buy down the quoted interest rate of 4.75% by 0.125% per point purchased. Each point will cost 1% of the amount borrowed. You were hoping the interest rate was no more than 4.375%. What will it cost to buy down the quoted interest rate to 4.375%?
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A new home that costs $490,000 has presented itself. You want to make a 20% down payment and finance...
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