A bank has agreed to lend you $840,100 for a home loan. The loan will be...
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A bank has agreed to lend you $840,100 for a home loan. The loan will be fully amortized over 52 years at 10.61%, with .3 points. The loan payments will be monthly. The closing cost is estimated to be $4,542. Calculate the actuarial rate. O 1.8119% O 0.8918% 0.7375% O 1.7524% A bank has agreed to lend you $840,100 for a home loan. The loan will be fully amortized over 52 years at 10.61%, with .3 points. The loan payments will be monthly. The closing cost is estimated to be $4,542. Calculate the actuarial rate. O 1.8119% O 0.8918% 0.7375% O 1.7524%
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