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A borrower received a 30-year loan with a face value of $100,000 to buy a house at 9.6% compounded monthly. If the borrower is charged

A borrower received a 30-year loan with a face value of $100,000 to buy a house at 9.6% compounded monthly. If the borrower is charged 1 points determine: A: the amount of the borrower received to buy the home. B: the size of the monthly payment. C: the effective interest rate on the loan to the nearest 0.1%. Cannot use Excel.

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