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Suppose you are buying a house with a loan of $200,000. Your lender offers you a 6.5% mortgage rate without a point and a 6

Suppose you are buying a house with a loan of $200,000. Your lender offers you a 6.5% mortgage rate without a point and a 6 % mortgage rate if you pay one-point upfront. What is the cost of the point ? Group of answer choices

$20,000

$1,000

$10,000

$2,000

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