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Suppose you borrow $100,000 at 7% for 30 years, monthly payments. The APR on the loan is 7.5%. What amount of points were charged? The
- Suppose you borrow $100,000 at 7% for 30 years, monthly payments. The APR on the loan is 7.5%. What amount of points were charged?
The correct answer is below, I just need to know how to solve using a financial calculator
4.85 points
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