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You are in the process of buying a $345,000 home and plan to put 15% down and finance the rest with a 30-year mortgage loan

You are in the process of buying a $345,000 home and plan to put 15% down and finance the rest with a 30-year mortgage loan at 3.25% interest, with 3 discount points due at closing. a) What is the loan amount? b) How much will the 3 discount points cost you?

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