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A bank has agreed to lend you $627,000 for a home loan. The loan will be fully amortized over 25 years at 15.49%, with .41

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A bank has agreed to lend you $627,000 for a home loan. The loan will be fully amortized over 25 years at 15.49%, with .41 points. The loan payments will be monthly. The closing cost is estimated to be $2,237 and you plan to refinance the mortgage in 5 years. Calculate the loan principal. $631,827.49 $631,798.86 $631,836.74 $631,867.77 None of the answers are correct

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