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Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be? A. 1.75% B. 0.375% C. 4.15% D. 4.125%​

Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be? A. 1.75% B. 0.375% C. 4.15% D. 4.125%​
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Clayton's bank offered him a 4.5% interest rate for his mortgage. If he purchases 3 points, what will his new rate be?

A. 1.75%
B. 0.375%
C. 4.15%
D. 4.125%​

asked
User Hugheth
by
8.1k points

2 Answers

9 votes

Answer:

D. 4.125%

Explanation:

Hope this helped!

answered
User Romin Manogil
by
7.2k points
5 votes

Answer:

4.125%

Explanation:

answered
User Puggsoy
by
8.4k points
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