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Ann is thinking about paying points to a lender to obtain a lower interest rate on her mortgage. The loan is in the amount of

Ann is thinking about paying points to a lender to obtain a lower interest rate on her mortgage. The loan is in the amount of $350,000. If she pays 2 points, she can reduce the interest rate from 5.25% to 4.50%. How much in loan points must Ann pay to get this deal?

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