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Question 7 1 pts What is the effective cost of a combination of an 80% mortgage at 3% and a second mortgage (for 10% of

Question 7 1 pts What is the effective cost of a combination of an 80% mortgage at 3% and a second mortgage (for 10% of the purchase price) at 4%? Both mortgages carry a 30-year term and have no points/closing costs. Please input your answer as an annual interest rate (i.e. 8.32% would be input as 8.32)

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