Mathematics
Mathematics, 18.04.2020 16:57, raishagibson

The price of a home is 240,000. The bank requires a 20% down payment and two points at the time of closing. The cost of the home is financed with a 30 year fixed rate mortgage at 7%. Find the amount of the mortgage. How much must be paid for the two points at closing?

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The price of a home is 240,000. The bank requires a 20% down payment and two points at the time of c...

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