Question: question with answer , please show me the calculation how this is the answer Example 4-2: $250,000 home 80% LTV Loan 8% Interest 4 Points

question with answer , please show me the calculation how this is the answer

Example 4-2: $250,000 home 80% LTV Loan 8% Interest 4 Points 30 Years A Calculating the effective interest cost? ANSWER: 8.44%) B- What is the effective cost if we think this loan might be repaid after 8 years? [ ANSWER: 8.72%]

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