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A homeowner can obtain a $150,000 thirty year fixed mortgage rate of 7.5% with zero points or at a rate of 7.0% with 2 points.

A homeowner can obtain a $150,000 thirty year fixed mortgage rate of 7.5% with zero points or at a rate of 7.0% with 2 points. If you keep the mortgage for 30 years, what is the net present value of paying the points?

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