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Your local lender offers you a fixed-rate mortgage with the following terms: $130,000.00 at 7.07% for 30 years, monthly payments. The lender will charge you

Your local lender offers you a fixed-rate mortgage with the following terms: $130,000.00 at 7.07% for 30 years, monthly payments. The lender will charge you 3 discount point(s) and the loan has a 4% prepayment penalty for the first 10 years of life. What is the annual percentage rate (APR) of the loan?
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Your local lender offers you a fixed-rate mortgage with the following terms: $130,000.00 at 7.07% for 30 years, monthly payments. The lender will charge you 3 discount point(s) and the loan has a 4% prepayment penalty for the first 10 years of life. What is the annual percentage rate (APR) of the loan

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