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Your local lender offers you a fixed-rate mortgage with the following terms: $295,809 at 6.21% for 30 years, monthly payments. The lender has a 4%

Your local lender offers you a fixed-rate mortgage with the following terms: $295,809 at 6.21% for 30 years, monthly payments. The lender has a 4% prepayment penalty for the first 5 years of life. How many points are required to yield an APR of 6.79%

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