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You need a 30-year fixed-rate mortgage for $100,000. Bank A offers 7.5% interest with 3 discount point. Assume that you intend to pay the mortgage

You need a 30-year fixed-rate mortgage for $100,000. Bank A offers 7.5% interest with 3 discount point. Assume that you intend to pay the mortgage until maturity. What is the APR of this mortgage if you take point? 7.13 7.5 7.81 8.03

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