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Buck and sue must borrow 225000 moreover the bank has

Question: Buck and Sue must borrow $225,000. Moreover, the bank has assessed them one and a half points on the loan. What is the dollar amount of points they must pay to receive this loan? How much home mortgage credit will they actually have available for their use?

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Finance Basics: Buck and sue must borrow 225000 moreover the bank has

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Finance Basics: Buck and sue must borrow 225000 moreover the bank has

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