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22-02-2024
Mathematics

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Tyson Fields is applying for a $240,000 mortgage. He can select either a $1,680 monthly payment with no points or a $1,512 payment with 4 points. How many months will it take Tyson to cover the cost of the discount points if he takes the lower monthly payment?
a. 20 months
b. 22 months
c. 24 months
d. 26 months

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