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Posted on Jul 19, 2024

Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the annual APR is 5.00%. Loan payments are made annually.

Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the

annual APR is 5.00%. Loan payments are made annually. Calculate the amortized fees and

expenses for this loan (in dollars, provide your answer with $1 precision).

Answer: 2166 +/- 1

What other info is needed? this is the only information given in the problem so I don't know how you could need additional info.

Can someone show me how to calculcate this?

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