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04.02.2020 • 
Mathematics

Randall and augustine are financing $148,000 to purchase a condo. they obtained a 15 year fixed rate loan with a rate of 4.95%. they have vern given the option of purchasing up to five points to lower their rate to 4.73%. how much will the five points cost them?

a - $7,000.40
b - $325.60
c - $1,480.00
d - $7,400.00

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