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On April 1 year 1. Mary borrowed $180.000 to refinance the one mortgage on the principal residence Mary paid 3 points to reduce her interest

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On April 1 year 1. Mary borrowed $180.000 to refinance the one mortgage on the principal residence Mary paid 3 points to reduce her interest rate from 4 percent to 3 percent. The loan is for a 30 year period. How much con Mary deduct in year 1 for her points paid? Multiple Choice $4,050 O $180.0 $135.0 $5,400

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