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4.05 Mortgage Points Barry and Bernice have obtained a 30-year, fixed-rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their

4.05 Mortgage Points Barry and Bernice have obtained a 30-year, fixed-rate mortgage for $635,250 with a 7.35% interest rate. They purchased 2 points and their rate is now 6.925%. Factoring in the cost...

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