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A thirty year monthly payment mortgage loan for 250,000 is offered at a nominal rate of 6.3% convertible monthly. The lender charges a fee of
A thirty year monthly payment mortgage loan for 250,000 is offered at a nominal rate of 6.3% convertible monthly. The lender charges a fee of 2.5% for which no services are provided. Find the APR.
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Handbook Of The Fundamentals Of Financial Decision Making
Authors: Leonard C MacLean, William T Ziemba
1st Edition
9814417343, 978-9814417341
