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On the loan below, what is the best estimate of the effective borrowing cost if the loan is prepaid 5 years after origination? Loan amount
On the loan below, what is the best estimate of the effective borrowing cost if the loan is prepaid 5 years after origination? Loan amount Interest rate compounding periods maturity (yrs) Up-front costs paid at closing O 8.40% O 8.70 O 8.50% O 8.37% $275,000 5.8% 12 25 10%
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