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Calculate the annual percentage rate ( APR ) for Truth - in - Lending purposes on the following mortgage Loan: Loan amount ( =

Calculate the annual percentage rate (APR) for Truth-in-Lending purposes on the following mortgage Loan: Loan amount \(=\$ 200,000\); Term \(=30\) years; Monthly payment \(=\$ 955\) : Lender points \(=2\%\) : Broker fee \(=\$ 2,000\); Other third party closing costs \(\$ \$ 3,000\).
Calculate the annual percentage rate (APR) for Truth-inLending purposes on the following mortgage loan: Loan amount =$200,000; Term =30 years; Monthly payment = $955; Lender points =1%; Broker fee =$2,000; Other third party closing costs =$3,000.
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