christisamazing5145 christisamazing5145
  • 03-06-2020
  • Mathematics
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If one discount point costs the borrower 1% of the loan amount and increases the lender's yeild by ⅛ of 1 percent how many discount points must be purchased to lower the interest rate by 1 percent

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CognitiveFunction
CognitiveFunction CognitiveFunction
  • 06-06-2020

Answer:

He has to buy 8 of course

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