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What is the annual percentage rate (APR) disclosed to the borrower at origination of a fully amortizing $500,000 30-year fixed-rate mortgage loan at 5.76% with
What is the annual percentage rate (APR) disclosed to the borrower at origination of a fully amortizing $500,000 30-year fixed-rate mortgage loan at 5.76% with $7,200 in origination fees if the borrower plans to prepay after 53 payments? Please indicate your answer as a percentage with 2 digits right of the decimal.
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