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A borrower bought a house for $ 2 0 0 . 0 0 0 : he can obtain an 8 0 % loan with

A borrower bought a house for \$200.000: he can obtain an 80% loan with a 30-year fully amortizing% interest rate and monthly payment Alternatively, he could get a 90% loan at % with same term What is the incremental cost of borrowing the additional fund? Assume he will hold the loan for 30 years 26.42%19.11%20.18%23.35
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