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A loan with the following terms is being made: Fixed Rate, fully amortized, Constant payment, 4% interest rate, 30 -year term, and monthly payments. Desired

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A loan with the following terms is being made: Fixed Rate, fully amortized, Constant payment, 4% interest rate, 30 -year term, and monthly payments. Desired mortgage is $235,000 Points paid by borrower in the amount of $2,350 Lender's other financing fees $1,100 Calculate the APR on the Loan

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