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Mathematics, 26.05.2021 18:50 happy121906
The Meyers want to buy a new home in San Francisco. They need to borrow $750,000. Their bank offers an opportunity for the couple to buy down the quoted interest rate of 3.85% by 0.15% per point purchased. Each point will cost 1% of the amount borrowed. What will be the new interest rate if 2 points are purchased and what will be the cost to purchase 2 points?
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The Meyers want to buy a new home in San Francisco. They need to borrow $750,000. Their bank offers...
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