Who wants to join my zoom
the ID is 993 9396 1693
password 3aiZy6...
Business, 21.11.2020 01:00 tapiamelissa6
Who wants to join my zoom
the ID is 993 9396 1693
password 3aiZy6
Answers: 1
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You are looking at a one-year loan of $16,500. the interest rate is quoted as 8.7 percent plus two points. a point on a loan is 1 percent (one percentage point) of the loan amount. quotes similar to this one are common with home mortgages. the interest rate quotation in this example requires the borrower to pay two points to the lender up front and repay the loan later with 8.7 percent interest. what rate would you actually be paying here?
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