Mathematics, 11.03.2021 18:10 zarbyp30
Determine the cost of the points and new interest rate for each loan amount and interest rate. Assume each point costs 1% of the loan amount.
a. $250,000 original APR 6.1%, 2 points with a .2% discount per point
b. $260,000 original APR 3.4%, 3 points with a .6% discount per point.
c. $230,000 original APR 5.6%, 1 points with a 5.1% discount per point
Answers: 2
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Determine the cost of the points and new interest rate for each loan amount and interest rate. Assum...
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