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Louisa is purchasing a $125,000 home and her bank is offering her a 30 year mortgage at a 4.75% interest rate. In order to lower her monthly payment, Louisa will make a 20% down payment and will purchase two points. What will her monthly mortgage payment be?

User Atadj
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1 Answer

3 votes

Answer:

$506.69

Explanation:

User Imaginary
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