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12. The Leungs decided to build a new house. The house will cost $144,500 including the lot. They obtain a 30 year conventional loan from

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12. The Leungs decided to build a new house. The house will cost $144,500 including the lot. They obtain a 30 year conventional loan from a bank. The bank is requiring a 15% down payment and the interest rate for the loan is 10 1%% . They are required to pay 2 points at closing. A) What is the required down payment? B) Determine the amount paid for the points

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