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1,250
1.5%
EEx. 35 basis points would be .0035.
0.4% . 100 basis points are equal to 1%
30% off of 500000 = 35000030% off of 500000= 30% discount applied to 500000= 500000 - (30% * 500000)= 500000 - (0.30 * 500000)= 500000 - 150000= 350000