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2 sel st The next three points are effective interest rate problems. If the answer is 11.47% then you may answer either 1147 or 11.47%.
2 sel st The next three points are effective interest rate problems. If the answer is 11.47% then you may answer either 1147 or 11.47%. You must answer with "4" numbers (ie., places). You got a 8% OFV, $95,000, 30 years loan, with monthly payments. What would be the effective interest rate on the 8% loan with the following additional loan features? Put 4 97, OR ste a. You paid 3 points, there was no prepayment penalty (PPP), and you paid the loan off at the end of the 10 year 8.4296 - Bal, ou a $83, 338 b. You paid 3 points, there was a 2%,PPP, and you paid the loan off at the end of the 10 year 815970 c. You paid 3 points, there was a 2% PPP, and you did not pay off the loan early 8132 95,000 - 3pts = 95,00 x. 97= 92,150 somost Pats Pont + Rem Bol
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