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What is the effective annual rate for this loan? Loan Amount: $200,000 Interest Rate: 8% Term: 30 year fixed Discount Point: 4 Question 10 What

What is the effective annual rate for this loan?

Loan Amount: $200,000

Interest Rate: 8%

Term: 30 year fixed

Discount Point: 4

Question 10 What is the effective annual rate for this loan? Loan Amount: $200,000 Interest Rate: 8% Term: 30-yr fixed I Discount Point: 4 . . The effective annual rate is Blank 1%. Blank 1 Add your

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