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Please show me how to solve this: Suppose you borrow $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%.
Please show me how to solve this:
Suppose you borrow $300,000 at 4% for 30 years, monthly payments. The APR on the loan is 4.25%. What amount of points were charged if there was $5,000 origination cost?
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