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For a real-estate mortgage, with a term of thirty years, the loan's stated interest rate is 7%. Assuming that two points are paid and using

For a real-estate mortgage, with a term of thirty years, the loan's stated interest rate is 7%. Assuming that two points are paid and using a rule of thumb, what is the associated annual percentage rate (APR)? 8% 07.75% 7.50% 07.25% 7%

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