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pleas answer the qoustion D Question 5 15 pts You are refinancing your home. You intend to borrow $512,000. The bank has quoted you a

pleas answer the qoustion
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D Question 5 15 pts You are refinancing your home. You intend to borrow $512,000. The bank has quoted you a rate of 2.75% (monthly compounding) with a 30-year amortization. The loan requires you to pay 1 point. What is the dollar amount of the points? Round your answer to the nearest dollar. What is the actual disbursement for the loan? Round your answer to the nearest dollar. What is the effective borrowing cost for the loan? Present your answer as a percentage, rounded to the nearest 1/100th of a percent (two decimal places)

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