Question
Lisa wants to buy a house that cost 3,000,000 kr. She would like to take a mortgage loan up to maximum amount. The mortgage
Lisa wants to buy a house that cost 3,000,000 kr. She would like to take a mortgage loan up to maximum amount. The mortgage company has offered her the following mortgage bond loan: 30 year fixed installment bond loan with 1.00% annual interest rate and bond price of 95 Annual mortgage contribution fee: 0.60% Quarterly loan payments What is the APR of the loan?
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