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On a monthly amortized 25-year mortgage held to maturity, each discount point raises the effective interest rate on a loan by approximately? a. 1/16% b.
On a monthly amortized 25-year mortgage held to maturity, each discount point raises the effective interest rate on a loan by approximately?
a. 1/16%
b. 1/8%
c. 1/4%
d. 1/2%
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Personal Finance And Investments
Authors: Keith Redhead
1st Edition
0415428629, 978-0415428620
