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DUM. NU. JULYear amortization period with monthly payments What is the elective rate as an APR if the loan is prepaid after 2 years? 05.80

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DUM. NU. JULYear amortization period with monthly payments What is the elective rate as an APR if the loan is prepaid after 2 years? 05.80 O 5.799 O 5.91% 0 4.0096 O 8.1696 2 pts Question 4 A lender makes a $170,000 mortgage at 6% APR interest with monthly payments for 25 years. How much principal will be repaid during the fifth year of the loan? (note: in year 5 only! $1,314 $3,845 $3,392 $2.714 $2,879

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