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A lender estimates that the closing costs on a $293,600 home loan will be $11,010. The actual closing costs were 3. 25% of the loan amount. Determine if the closing costs were higher or lower than the estimate and by what percent? a. Higher by 0. 25% b. Higher by 0. 5% c. Lower by 0. 25% d. Lower by 0. 5%.
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A lender estimates that the closing costs on a $293,600 home loan will be $11,010. The actual closin...
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