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A borrower takes out a 30-yeer mortgagg loen for $200,000 with an interest rate of 4% plus 4 points. What is the effective ancual interest

A borrower takes out a 30-yeer mortgagg loen for $200,000 with an interest rate of 4% plus 4 points. What is the effective ancual interest rate cn the loan if the loan is carried for all 30 years? 5.35%4.33%4.00%6.35%

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