Question 16 2.5 pts What is the before tax effective cost of funds for a $200,000 loan at 5.50 percent interest, with monthly payments amortized over 20 years if the lender charges 3 points at origination and the borrower will incur $5,300 in third party loan costs? Assume the loan is outstanding for the full loan term which is five years. 5.50% O 6.94% 7.43% 6.18% Previous Next