[Solved] assume the bank offering a 30 year fixed

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assume the bank offering a 30 year fixed rate mortgage loan, payable monthly at 5.25% annual interest rate does not charge any points. what is

assume the bank offering a 30 year fixed rate mortgage loan, payable monthly at 5.25% annual interest rate does not charge any points. what is the effective interest rate?

a) 5.375%

b) 5.50%

c) 5.25%

d) 5.75%

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