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Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate loan with a rate of 5.05%. They have

Rose and Andrew are financing 128,000 to purchase a condominium. They obtained a 15 year fixed rate loan with a rate of 5.05%. They have been given the option of purchasing up to four points to lower their rate to 4.81%. How much will the 4 points cost them?

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