Business, 02.03.2021 01:00, keriyannafultz

A borrower takes out a 30-year mortgage loan for $100,000 with an interest rate of 6% plus 2 points. What is the effective annual interest rate on the loan if the loan is carried for all 30 years

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A borrower takes out a 30-year mortgage loan for $100,000 with an interest rate of 6% plus 2 points....