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3. We are choosing between two $500,000 mortgages. Mortgage A charges 4.35% interest and zero points. Mortgage B charges 3.65% and 3 points. Which mortgage

3. We are choosing between two $500,000 mortgages. Mortgage A charges 4.35% interest and zero points. Mortgage B charges 3.65% and 3 points. Which mortgage should we take and why? (show calculations)

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