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You need a 30-year fixed-rate mortgage for $100,000. Bank A offers 6% interest with 1.5% closing costs. Bank B offers 5.75% interest with 2% closing

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You need a 30-year fixed-rate mortgage for $100,000. Bank A offers 6% interest with 1.5% closing costs. Bank B offers 5.75% interest with 2% closing costs and 1.5 discount point. Round to the nearest hundredth 1. Bank A APR? 2. Bank B APR? 3. Which one is better? Blank # 1 Blank # 2 Blank #3 Previous Page Next Page Page 19 of 35 ar10

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