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*** Scenario hi You financed a property acquisition with a $ 150,000, 30-year, 4.0% fixed rate mortgage (FRM) with monthly compounding and monthly payments. The

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*** Scenario hi You financed a property acquisition with a $ 150,000, 30-year, 4.0% fixed rate mortgage (FRM) with monthly compounding and monthly payments. The loan is fully amortizing. The loan has a $1,000 loan origination fee. The lender expects the borrower to repay the loan at the end of 4 years. Question 23 10. Referring to only the information in scenario 1 above, what is the net loan amount? 43

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