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Lets assume that you have just taken out a mortgage loan for $200,000 with an origination fee of 2 points due upfront. The mortgage term
Lets assume that you have just taken out a mortgage loan for $200,000 with an origination fee of 2 points due upfront. The mortgage term is 30 years and the mortgage rate is fixed at 4%. What is the cost of the origination fee in dollar terms? How would I calculate this with a financial calculator? Thank you.
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Financial Management For Nurse Managers And Executives
Authors: Cheryl Jones, Steven A. Finkler, Christine T. Kovner
4th Edition
