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Mathematics, 30.05.2020 22:04 Jreye77

Teachers’ Federal Credit Union offers a 3.25%, 10-year mortgage. Moira wants to borrow $380,000 and "purchase" enough negative points to eliminate her $14,000 closing costs. Each negative point reduces the closing costs by 1% of the principal and increases the APR by 0.135%.

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Teachers’ Federal Credit Union offers a 3.25%, 10-year mortgage. Moira wants to borrow $380,000 and...
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