Question: points, % maximum amount APR, % term rate, % $300,000 5.32 3.3 25 yr 6.32 Suppose that a mortgage of $171000 is taken as advertised

points, % maximum amount APR, % term rate, % $300,000 5.32

points, % maximum amount APR, % term rate, % $300,000 5.32 3.3 25 yr 6.32 Suppose that a mortgage of $171000 is taken as advertised in the provided table. All rates are nominal per year, compounded monthly. Look at example 1 in the slides. This mortgage will result in a monthly payment of

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