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Assuming a constant stated (or contract) interest rate, the effective interest rate on a 30-year loan is highest when: points are charged and the loan

Assuming a constant stated (or contract) interest rate, the effective interest rate on a 30-year loan is highest when: points are charged and the loan is prepald after five years. points are charged and the loan is paid off at maturity. the loan has no points and is prepaid after flve years. the loan has no points and is pald off at maturity

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