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given the following information calculate the effective borrowing cost (EBC). loan amount:166,950, term 30 years, interest rate 9%, discount points 2, other closing expenses 3,611.
given the following information calculate the effective borrowing cost (EBC). loan amount:166,950, term 30 years, interest rate 9%, discount points 2, other closing expenses 3,611. loan held to maturity
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