Docti S.

asked • 05/09/21

The Andersson family has a loan on their home

The Andersson family has a loan on their home. When changes are made to the mortgage interest rate, the bank writes the change in points. One point corresponds to one hundredth of a percentage point. Their current interest rate is 1.73%.

How many percent will the interest rate change if they get a 12-point cut?

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