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Bill Smoss bought a chalet for $85,000 in the White Mountains of New Hampshire. He put down $15,000 and financed the rest with a 30-year
Bill Smoss bought a chalet for $85,000 in the White Mountains of New Hampshire. He put down $15,000 and financed the rest with a 30-year 5% mortgage. At the time of closing, he also paid 3 points. How much did Bill pay for points? (Round your answer to the nearest cent.)
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