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1) Suppose you would like to buy a house that costs $400,000 and you have...

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Finance

1) Suppose you would like to buy a house that costs $400,000 and you have 10% as a down payment. You can get a 30-year loan to pay for the remaining balance with a 4% APR. What is the recovery point in years to pay down 25 basis points for $4,500? [Round the final answer to two decimals] ______

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