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A lender is willing to lend you 250,000 for a home to purchase. If the lender charges you three (3) points for the mortgage, how

A lender is willing to lend you 250,000 for a home to purchase. If the lender charges you three ("3") points for the mortgage, how much does the lender actually lend to you from his funds?

Group of answer choices

$247,500

$237,500

$242,500

$250,000

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