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Posted on Aug 14, 2024

Find the EBC for this loan: $ 1 2 5 , 0 0 0 , 1 5 years, 6 . 2 5 percent annual rate,

Find the EBC for this loan: $

125, 000, 15

years,

6.25

percent annual rate, monthly payments, lender

points

and origination fee: $

3, 500 . (

assume prepayment at the end of four years

) .

Show work using a BA II Plus financial calculator

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