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You buy a home for $191,392 and put $10,108 down. You borrow the remainder. The mortgage company also charges a 3% loan and closing fee
You buy a home for $191,392 and put $10,108 down. You borrow the remainder. The mortgage company also charges a 3% loan and closing fee which you must also borrow. The interest rate is 9.5% for 30 years. What is the actual APY (the actual interest rate they will have paid)
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The Financialized Economy
Authors: Alexander Styhre
1st Edition
0367754568, 978-0367754563
