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Please answer the question and give the process of calculation If a lender wants to achieve an APR of approximately 4 % on a 30
Please answer the question and give the process of calculation
If a lender wants to achieve an APR of approximately 4 % on a 30 year fixed rate loan for $750,000 with a stated annual interest rate of4.0 % and no other fees or costs to the borrower, how many points should the lender charge the borrower? a) 1 b) 2 c) 3 d) 4Step by Step Solution
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