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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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