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You are buying a house and the mortgage company offers to let you pay a point ( 1 % of the total amount of the

You are buying a house and the mortgage company offers to let you pay a "point" (1% of the total amount of the loan) to reduce your APR from 5.93% to 5.68% on your $422,000,30-year mortgage with monthly payments. If you plan to be in the house for at least 5years, should you do it?(Note: Be careful not to round any intermediate steps less than six decimal places. Chegg

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