7quoto7
7quoto7 7quoto7
  • 10-01-2022
  • Mathematics
contestada

After securing a home loan for $200,000, Ned would like to reduce the interest rate on the loan at the time of closing. His initial interest rate is 3.5 percent. He has an additional $6,000 to put toward mortgage points, which are each $2,000. What will his new interest rate be?

Respuesta :

merrittbryce96 merrittbryce96
  • 10-01-2022
His new interest rate will be 20 thousand
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