Question: Suppose you take a 3 0 - year fixed - rate mortgage for $ 5 9 0 , 0 0 0 . 0 0 at

Suppose you take a 30-year fixed-rate mortgage for $590,000.00 at 6.75%, monthly payments with a -2 discount point rebate (negative discount points) to the borrower. Assume that you have no other financing fees.
What is the APR of the loan?

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