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The Nicols are buying a house setting for $246,000 They pay a down payment of $46,000 from the sale of their current house To obtain

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The Nicols are buying a house setting for $246,000 They pay a down payment of $46,000 from the sale of their current house To obtain a 20-year mortgage at a 5 5% interest rate the Nicols must pay 2 5 points at the time of closing What is the amount of the mortgage? What is the cost of the 2 5 points? The amount of the mortgage is

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