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Suppose your friend takes a fixed - rate mortgage for $ 4 7 5 , 0 0 0 at 7 . 5 % for 3

Suppose your friend takes a fixed-rate mortgage for $475,000 at 7.5% for 30 years, monthly payments. He knows that his APR is 8% and that he paid 2.50 discount points but he cannot remember how much he paid in financing fees. Calculate the amount of your friends financing fees. USING FINANCIAL CALCULATOR KEYSTROKES

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