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Suppose you had to choose between a 13% 30-year mortgage or an 12.5% mortgage with 2 discount points. Assume you wished to borrow $100,000. What
Suppose you had to choose between a 13% 30-year mortgage or an 12.5% mortgage with 2 discount points. Assume you wished to borrow $100,000. What is the effective annual interest rate, if you decide to not buy the 2 discount points? (Assume you won't prepay the mortgage) O A 13% B. 13.15% C 12.99% D. 13.80% Suppose you had to choose between a 13% 30-year mortgage or an 12.5% mortgage with 2 discount points. Assume you wished to borrow $100,000. What is the effective annual interest rate, if you decide to not buy the 2 discount points? (Assume you won't prepay the mortgage) O A 13% B. 13.15% C 12.99% D. 13.80%
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