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You are borrowing $700,000 for 30 years at 6% annually. The lender is charging you a 2 point fee. What is the effective interest rate
You are borrowing $700,000 for 30 years at 6% annually. The lender is charging you a 2 point fee. What is the effective interest rate (effective borrowing cost)?
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Stock Market Investing Playbook
Authors: David Reese
1st Edition
1951595270, 978-1951595272
