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Suppose you want to borrow $350000 to purchase a house. The loan has a term of 30 years and a nominal rate of 6% with

Suppose you want to borrow $350000 to purchase a house. The loan has a term of 30 years and a nominal rate of 6% with monthly payments. The first payment is due one month from today. Suppose you pay 4% in origination fees at closing. What is the effective APR?

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