Question: A Moving to another question will save this response. Question 13 of 31 10 points Save Answer Assume a 30 year fixed rate, fully amortizing

A Moving to another question will save this response. Question 13 of 31 10 points Save Answer Assume a 30 year fixed rate, fully amortizing mortgage for $260,000 at a stated rate of 5% with monthly payments and WITH 2 POINTS at closing. What is the interest rate (Annual Percentage Rate which the lender must disclose) on the loan? (Hint: using full 30 year, 360 periods): Ch4 5.00% 5.18 % b. 5.42% c. 7.00 % d

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