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Alana is purchasing a $160,000 home and her bank is offering her a 30-year
mortgage at a 4.9% interest rate. In order to lower her monthly payment,
Alana will make a 20% down payment and is considering a purchase of 3
points. How much lower will her monthly payment be if she purchases the
points?
O
A. $26.93
O
B. $26.69
O
O
c. $28.87
D. $29.46
SUBMIT
