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A warehouse space leases for $1,580 per month. If the dimensions of the space are 40 feet by 120 feet, what is the annual rate

  1. A warehouse space leases for $1,580 per month. If the dimensions of the space are 40 feet by 120 feet, what is the annual rate per square foot?
  2. If a lender quotes a loan origination fee of 1 point, which of the following amounts would be the lender's fee on a loan of 75% of the $112,000 sales price?

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