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You want to buy a $141,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 4.15%

You want to buy a $141,000 home. You plan to pay 15% as a down payment, and take out a 30 year loan at 4.15% interest for the rest.

a) What is the amount of the down payment?

b) What will the amount of the mortgage?

c) The bank charges 1 points on the loan.

What is the amount charged for points?

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