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3) What if your friend were offered the same deal in question 8, but they had to pay 2 points what would be the comparative
3) What if your friend were offered the same deal in question 8, but they had to pay 2 points what would be the comparative rate? Hint: Use TVM calculator, you are solving for i, but your friend gets 2 percent less of a mortgage because they have to pay the points. However, they still have to make the same payments as you.
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