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1 paint On the following loan information on the fully-amortized foxed-rate mortgage, what is the effective cost of borrowing (ECB) if the borrower is expected

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1 paint On the following loan information on the fully-amortized foxed-rate mortgage, what is the effective cost of borrowing (ECB) if the borrower is expected to prepay the martgage at the end of year 6 ? (choose the closest answer) 6.508 6.80% 7,10% 7.40%

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