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Mortgage info PurchasepriceHoldingperiodDownpaymentInterestrateTermAmortization$4,800,000725%4.0%2020 Mortgage-Related Closing Costs Discountpoint(Lender)AppraisalSurvey1.00%$3,000$5,000 Underwriting fee (Lender) $500 Origination fee (Lender) 2.00% What would be the stated APR for this loan? Hint:

Mortgage info PurchasepriceHoldingperiodDownpaymentInterestrateTermAmortization$4,800,000725%4.0%2020 Mortgage-Related Closing Costs Discountpoint(Lender)AppraisalSurvey1.00%$3,000$5,000 Underwriting fee (Lender) \$500 Origination fee (Lender) 2.00% What would be the stated APR for this loan? Hint: think about the only difference between APR and EBC [answer format example: 1.23]

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