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2 2 . Excel. Refer to the Ch 4 Eff Cost tab in the Excel Workbook provided on the website. Suppose that another loan is

22 .

Excel. Refer to the

4

Eff Cost

tab in the Excel Workbook provided on the website. Suppose

that another loan is available that is an

11

percent interest rate with

6

points. What is the effective

cost of this loan compared to the original example on the template?

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