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Calculate your monthly principal and interest payment

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Reference no: EM13942832

If you want to take out a 30 year, $250,000.00 mortgage at 5.5% with 2 points (5 points): 

a. Calculate your monthly principal and interest payment?

b. What is the APR (actual/true/effective rate of interest) on the loan?

Reference no: EM13942832

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