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Business, 27.07.2021 17:10 katlynnschmolke
Assume a $100,000 monthly payment mortgage loan with 30-year term. The lender is charging an annual interest rate of 10% and two discount points at origination. Up-front financing costs paid to third parties total $1,000. Assuming the mortgage is held for five years and then prepaid, what is the EBC on this mortgage
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Assume a $100,000 monthly payment mortgage loan with 30-year term. The lender is charging an annual...
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