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Business, 11.03.2020 17:20 lizzy2951

A borrower takes out a 30-year mortgage loan for $100,000 with an interest rate of 6% plus 4 points. What is the effective annual interest rate on the loan if the loan is carried for all 30 years?

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A borrower takes out a 30-year mortgage loan for $100,000 with an interest rate of 6% plus 4 points....
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