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Bob is considering fixed-rate loans from two different lenders who are willing to finance the purchase of a home. The loan amount is $90,000. Lender A is offering a 30-year, monthly payment loan at 7% interest with 2.5 points. Lender B is offering a 30-year, monthly payment loan at 7.5% interest with no points. Which of the following bits of advice would be best for Bob assuming he does not plan to prepay either loan
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