The effective mortgage rate for a 30-year mortgage at 6% interest compounded monthly, with three discount points,
Question:
(a) 5.5%.
(b) 6.2%.
(c) 6.56%.
(d) 9%.
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c New P 100000 3000 97000 The mortgage ha...View the full answer
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Related Book For 
Finite Mathematics and Its Applications
ISBN: 978-0134768632
12th edition
Authors: Larry J. Goldstein, David I. Schneider, Martha J. Siegel, Steven Hair
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