Question: 1. Type out equation and fill it in. 2. Put formulas into excel and show numbers and formula. LOAN FEES Loan amount of $60,000 Interest

1. Type out equation and fill it in. 2. Put formulas into excel and show numbers and formula.

1. Type out equation and fill it in. 2. Put formulas into

LOAN FEES Loan amount of $60,000 Interest rate of 6% Term of 30 years Loan fee of 3% Paid off at the end of 5 years What was the lender's APR with the prepayment? And then their effective annual interest rate

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