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A customer seeks a $150,000 home mortgage. The bank requires the customer to pay 2 1/4 points up front. How much of the loan amount

A customer seeks a $150,000 home mortgage. The bank requires the customer to pay 2 1/4 points up front. How much of the loan amount will actually be available to the customer if the bank approves the loan?

$145,875

$148,125

$147,375

$146,625

None of the above

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