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Posted on Oct 06, 2024

Manuel is buying a house for $ 4 3 8 , 0 0 0 . The loan officer tells him that he can lower the

Manuel is buying a house for $

438, 000 .

The loan officer tells him that he can lower the annual interest rate to

4.5 %

by paying

3

points. What is Manuel's APR on a

30

year monthly mortgage?

Post your answer to one decimal.

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