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complete) HW Score: 91.74%, 10.09 of 11 pts WP 5-15 (similar to) Question Help You are buying a house and the mortgage company offers to

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complete) HW Score: 91.74%, 10.09 of 11 pts WP 5-15 (similar to) Question Help You are buying a house and the mortgage company offers to let you pay a "point" (1.0% of the total amount of the loan) to reduce your APR from 6.44% to 6.19% on your $424,000, 30-year mortgage with monthly payments. If you plan to be in the house for at least five years, should you do it? (Note: Be careful not to round any intermediate steps less than six decimal places.) The monthly mortgage payment at 6.44% APR is $ 2663.26. (Round to the nearest cent.) The monthly mortgage payment at 6.19% APR is $ 2594.12. (Round to the nearest cent.) The lower interest rate on the mortgage results in monthly savings of s (Round to the nearest cent.) Enter your answer in the answer box and then click Check Answer. 7 Clear All remaining parts Check

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