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2. Consider the following two choices for a $145,000 mortgage loan Choice - 30-year fixed-rate APR of 4.25% with closing costs of $1450 and 2

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2. Consider the following two choices for a $145,000 mortgage loan Choice - 30-year fixed-rate APR of 4.25% with closing costs of $1450 and 2 points Choice 2, 15-year fix-rate APR of 4.05% with closing costs of $16.00 and I point @ What are the total closing costs for each choice? Choice c om .0010 Choice 2 (b) Which loan would you choose and why

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