For the 1-year mortgage discussed previously, the 1.5% initial fee increased the EAIR of the mortgage from
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For the 1-year mortgage discussed previously, the 1.5% initial fee increased the EAIR of the mortgage from 8% to 11.41%.
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Related Book For
Principles Of Finance With Excel
ISBN: 9780190296384
3rd Edition
Authors: Simon Benninga, Tal Mofkadi
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