Question
The Richardson family is looking for a $500,000 mortgage. The bank he chooses has a loan rate of 5%, 1 point, and fees of $3,000.
The Richardson family is looking for a $500,000 mortgage. The bank he chooses has a loan rate of 5%, 1 point, and fees of $3,000. They want you to calculate the APR on the loan.
Please do in excel and show steps. Thank you.
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Creating Financial Value A Guide For Senior Executives With No Finance Background
Authors: Malcolm Allitt
1st Edition
1472922719, 978-1472922717
