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Calculate the APR for a mortgage with the following terms: $100,000 at 9 percent for 30 years, monthly payment of $804.62, and two discount points.

Calculate the APR for a mortgage with the following terms: $100,000 at 9 percent for 30 years, monthly payment of $804.62, and two discount points.

  • A. 8.78%
  • B. 9.40%
  • C. 9.23%
  • D. 9%

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