J.P. has been offered a 20-year, $350,000 loan with a 3.9% APR. If he purchases 1 point,
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J.P. has been offered a 20-year, $350,000 loan with a 3.9% APR. If he purchases 1 point, his APR will reduce to 3.7%. How much will his monthly payment savings be?
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Related Book For
Financial Algebra Advanced Algebra With Financial Applications
ISBN: 9781337271790
2nd Edition
Authors: Robert Gerver, Richard J. Sgroi
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