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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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