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A borrower takes out a 30-year mortgage loan for $100,000 with monthly payments. The interest rate on this loan is 6%; plus an additional 4

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A borrower takes out a 30-year mortgage loan for $100,000 with monthly payments. The interest rate on this loan is 6%; plus an additional 4 points will be charged. What is the effective cost/yield on this loan assuming the loan is paid off in 30 years? 5.60%7.00%6.40%6.75%6.00%

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