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Loan and the borrower expected holding period

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Reference no: EM131973584

"What is the Annual Percentage Rate (APR) on a $150,000, 30-year mortgage at 4.25 percent interest if the lender charges 3.0 points on the loan and the borrower's expected holding period is 3 years?"

  • 4.62%
  • 4.51%
  • 4.25%
  • 5.36%

Reference no: EM131973584

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