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You are borrowing $100,000 to purchase a house. The interest rate is 3.5% over 15 years, with monthly payments, and there is a $1,000 originatic
You are borrowing $100,000 to purchase a house. The interest rate is 3.5% over 15 years, with monthly payments, and there is a $1,000 originatic - fee on the mortgage. What is the APR or true cost of borrowing (in % ) taking into account the origination fee? Enter your answer in decinal format, using four decimal places. For example, 4.25% would be entered as .0425 Question 3 10pts You have been offered the chane trulvest in a projert with arnual cash flows promised as follows
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