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Fernando has a 30-year mortgage on his $165,000 home. His bank required a

20% down payment and initially offered him a rate of 5.75%, but he chose to
buy 2 points and lower his rate. His current mortgage is $723.98. Taking all
this into consideration, what is the total financed price he paid for his home?

User Phil Hale
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2 Answers

2 votes

Answer: $296,272.80

Step-by-step explanation: Took the quiz and got it correct.

User Deepti
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2 votes

Answer: $296,272.80

Step-by-step explanation:

User Justin King
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