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Advanced Placement (AP), 30.08.2021 21:20 kattydominguez15

You decide to get a loan for a new house. You choose to lock in your loan with an interest rate of 5.25 percent. You buy your house and are happy with the purchase. Five months later, the interest rates drop to 3.5 percent. You realize that you could have waited to get a better deal. What does this scenario BEST demonstrate?

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