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You purchase a new home for $250,000 and are acquiring a new 30 year loan. The bank requires a 20% down payment and charges a

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You purchase a new home for $250,000 and are acquiring a new 30 year loan. The bank requires a 20% down payment and charges a fee of 1.5 points. You decide to include the points in your loan. The interest rate is 5.5% APR compounded monthly. What is your monthly payment? O $930.42 O $1152.61 $604.83 $1135.58

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