Question: You need a financing package totaling $ 7 5 0 , 0 0 0 . Below are the loans available. $ 2 5 0 ,

You need a financing package totaling $750,000. Below are the loans available.
$250,000 at 4.25%,30 Years
$250,000 at 4.125%,20 Years
$250,000 at 3.625%15 Years
Calculate the effective cost of borrowing these funds.

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