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A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $. 300 mi has a contract rate of 5%.Closing costs worth $. 75000 and 2

A 25-year, quarterly amortizing, fixed rate hotel mortgage loan for $. 300 mi has a contract rate of 5%.Closing costs worth $. 75000 and 2 discount points are applied. What is the periodic payment on the loan? PMT

What is the total friction cost at origination?

What is the APR?

In the above problem, how many basis points should be charged as discount points for the APR to equal 5.5%?

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