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Please provide an explanation with any relevant formulas for the answer above. 3) Suppose you take a 30-year mortgage of $300000. The annual interest rate

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Please provide an explanation with any relevant formulas for the answer above.

3) Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the annual APR is 5.00%. Loan payments are made annually. Calculate the amortized fees and expenses for this loan (in dollars, provide your answer with $1 precision). Answer 2166 +-1

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