INCORRECT!
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Don’t look for the needle in the haystack. Just buy the haystack.
Need A Hint?
Use compound-interest: A = P(1+r)^n with P=1000,r=0.05,n=5.
Did You Also Know...
By Quiz Coins
Buying mortgage points lowers your rate in exchange for an upfront cost, so you should only buy points if you’ll keep the loan long enough to break even.