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What is the ECB on a loan with a 30-year term, $400,000 loan amount, monthly amortization, 8 percent fixed interest rate, and 3 points at
What is the ECB on a loan with a 30-year term, $400,000 loan amount, monthly amortization, 8 percent fixed interest rate, and 3 points at origination, assuming no prepayment. What is ECB on this loan, assuming no points?
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