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Question 6 1 pts A bank offers 30-year, $200,000 mortgages (monthly payments) at 6.2 percent and charges a $6,000 refundable loan application fee. The
Question 6 1 pts A bank offers 30-year, $200,000 mortgages (monthly payments) at 6.2 percent and charges a $6,000 refundable loan application fee. The current disclosure law requires that any fees that will be refunded if the applicant is rejected be included in calculating the APR. What is the APR that they are required to disclose?
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Multinational financial management
Authors: Alan c. Shapiro
10th edition
9781118801161, 1118572386, 1118801164, 978-1118572382
