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Randall and augustine are financing 148000 to purchase a

Randall and Augustine are financing $148,000 to purchase a condominium. They obtained a 15-year, fixed-rate loan with a rate of 4.95%. They have been given the option of purchasing up to five points to lower their rate to 4.73%. How much will the five points cost them?

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Finance Basics: Randall and augustine are financing 148000 to purchase a

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