Question: A 2 5 - year, quarterly amortizing, fixed - rate mortgage loan for 3 0 0 0 0 0 has a contract interest rate of

A 25-year, quarterly amortizing, fixed-rate mortgage loan for 300000 has a contract interest rate of 4.5%. Closing costs worth 5200 is applied. What is the APR?
Write in percentage (2 decimal places) and no percentage sign.
For example: if the answer is 1.3255% then write down 1.33

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