What is your initial monthly payment-the loan APR

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Reference no: EM131561521

You borrow $200,000 with a 20 year rate mortgage with 2 front-end points. The initial interest rate is 69%, but after two years the rate is increased to 9%. What is your initial monthly payment, the loan's APR, and the payment after the rate increase?

Reference no: EM131561521

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