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How much money did the byers pay in discount points

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Reference no: EM132756394

Bob and Brenda Byers purchased a home for $90,000. After putting down a 20% down payment they secured a loan with a 4% interest rate after paying two points.

Problem 1: How much money did the Byers pay in discount points?

A. $720.00

B. $1,440.00

C. $1800.00

D. $2,880.00

Reference no: EM132756394

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