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Course: Money & Capital Markets Answer ASAP b) What will be the EAR on a $125,000 mortgage loan that has an interest rate of 6%

Course: Money & Capital Markets

Answer ASAP

b) What will be the EAR on a $125,000 mortgage loan that has an interest rate of 6% per annum and is taken with 2 discount points? Assume that the borrower will not prepay the loan. The term of the loan is 30 years

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