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Combined Loan You are buying a house and need $200,000 in financing. What is the effective cost of the financing if you agree to proceed

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Combined Loan You are buying a house and need $200,000 in financing. What is the effective cost of the financing if you agree to proceed with the following package? The bank is offering you two loans to get you the $200,000 you need. Loan Amt $175,000 $ 25,000 Interest 10% 14% Term 30 Years 30 Years

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