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A lender makes a loan of $100,000 at a 6% interest rate for 25 years with monthly payments. The lender will require an origination fee
A lender makes a loan of $100,000 at a 6% interest rate for 25 years with monthly payments. The lender will require an origination fee of $1,000 and will also discount the loan by some amount. PART A- What will the monthly payments be? a. $593.56 b. $599.55 c. $637.80 d. $644.30 e. $780.65
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