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) Colleen and Cormac want to buy a new home in Coconut Creek. Their bank offers opportunity for the couple to buy down the quoted

) Colleen and Cormac want to buy a new home in Coconut Creek. Their bank offers opportunity for the couple to buy down the quoted interest rate of 4.75% by 0.125% per point purcha What will the new interest rate be if 2 points are purchased

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