You must pay 2 points for the loan your monthly loan, Financial Management

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You must pay 2 points for the loan your monthly loan

You are buying a $62,000 house for 10% down, with the rest financed at 11 3/4% for 30 years with fixed monthly payments. You must pay 2 points for the loan. Your monthly loan payment is $563.25. At the end of 4 years, you sell the house. How much do you owe on the loan?

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