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A borrower is offered a mortgage loan for $100,000 with an interest rate of 4% APR. 1.5 discount points, and a 30-year amortization period with

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A borrower is offered a mortgage loan for $100,000 with an interest rate of 4% APR. 1.5 discount points, and a 30-year amortization period with monthly payments. What is the effective interest rate as an APR if the loan is prepaid after 2 years? 4.00% 5.79% 4.80% 5.91% 8.16%

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