What is the before tax effective cost of funds for a $ 2 0 0 , 0

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What is the before tax effective cost of funds for a $

200, 000

loan at

5.50

percent interest, with monthly payments amortized over

20

years if the lender charges

3

points at origination and the borrower will incur $

5, 300

in third party loan costs? Assume the loan is outstanding for the full loan term which is five years.

Posted Date: May 18, 2024 11:04 PM

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What is the before tax effective cost of funds for a $ 2 0 0 , 0

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