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Borrow $250,000 with a 30 year monthly payment fixed mortage at 5%. Origination fees total 3 points (3%). (questions 9-10) What's the Effective Annual Rate

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Borrow $250,000 with a 30 year monthly payment fixed mortage at 5%. Origination fees total 3 points (3%). (questions 9-10) What's the Effective Annual Rate of the loan when considering the fee? .438% 5.25% 28.02% 4.75%

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