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Question 35 (2.5 points) Consider a 20-year (monthly-payment), 3.00%, $80,000 mortgage with 4 points prepaid interest up front. What is the annual percentage rate (APR)

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Question 35 (2.5 points) Consider a 20-year (monthly-payment), 3.00%, $80,000 mortgage with 4 points prepaid interest up front. What is the annual percentage rate (APR) over the borrower's expected holding period if the borrower expects to hold the loan for 20 years? 3.68% 3.46% 3.31% 3.55%

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