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A lender is offering you a $100,000,30-year fixed-rate mortgage (FRM) at 4.7%. 1. What is your monthly payment over the life of the loan? 2.

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A lender is offering you a $100,000,30-year fixed-rate mortgage (FRM) at 4.7%. 1. What is your monthly payment over the life of the loan? 2. If you move at the end of 10 years, what is the remaining balance you owe the bank? 3. How much interest on the loan will you pay during the loan's first 24 payments? 4. If you agree to pay the lender 2.0 points, how much in origination fees do you owe the lender? 5. What is the annual percentage rate (APR) of the loan

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