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On the following real estate loan, what is the best estimate of the effective borrowing cost if the loan is prepaid in 7 years. Loan:
On the following real estate loan, what is the best estimate of the effective borrowing cost if the loan is prepaid in 7 years.
Loan: $100,000
Interest rate: 6%
Term: 180 months
Up-front costs: 10% of loan amount
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Mortgage And Interest Rates What You Should Know To Get A Risk Free Deal
Authors: Bert Rivers
1st Edition
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