Suppose you take a 30-year mortgage of $300000. The annual interest rate is 4%, and the annual APR is 5.00%. Loan payments are made annually. Calculate the amortized fees and expenses for this loan (in dollars, provide your answer with $1 precision).

Answer rating: 100% (QA)

Given loan term 30 years nper Loan amount 300000 PV Annual interest rate 4 rate So the periodic ... View the full answer