Ryan wants to take out a $520,000 loan with an APR of 4.15% for 20 years. He

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Ryan wants to take out a $520,000 loan with an APR of 4.15% for 20 years. He can purchase a discount point for 1% of his principal that will decrease his APR by 0.125%. If Ryan purchases 3 points, after how many months will he breakeven?

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