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Effective interest rates are: If a borrower pays discount points or a loan origination fee, one consequence of paving the loan off early (where there

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Effective interest rates are: If a borrower pays discount points or a loan origination fee, one consequence of paving the loan off early (where there is no prepayment penalty) is: The contract interest rate: The real rate of interest on a fixed-rate loan: Income multipliers: The overall capitalization rate

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