Let's assume that a $450,000 monthly mortgage has a debt service of $3,105.78. If the amortization period

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Let's assume that a $450,000 monthly mortgage has a debt service of $3,105.78. If the amortization period is 25 years, what is the interest rate on this mortgage?

A. 4.4%

B. 6.6%

C. 6.74%

D. 5.3%

Find the APR considering the following scenario: Interest Rate: 4%, Loan amount: $500,000. Term: 30 years. Points: 3

A.4.25%

B. 4.125%

C.4.075%

D. 4.375%

Posted Date: Jun 05, 2024 05:07 PM

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Let's assume that a $450,000 monthly mortgage has a debt service of $3,105.78. If the amortization period

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