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The Shrubs have found a foreclosure home at a bargain price. They will need to borrow $100,000 for a mortgage loan, will pay $20,000
The Shrubs have found a foreclosure home at a bargain price. They will need to borrow $100,000 for a mortgage loan, will pay $20,000 for a down payment, and expect to pay $3,000 in total closing costs. The mortgage they are considering includes a 20-year fixed with an interest rate of 4.75%. They would pay 1.5 discount points for the mortgage. What is the Shrubs front-end cost for this mortgage? ESTUM
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Managerial Accounting
Authors: Karen W. Braun, Wendy M. Tietz, Rhonda Pyper
2nd canadian edition
133025071, 978-0133519761, 133519767, 978-0133523676, 133523675, 978-0133025071
