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Business, 03.03.2020 01:16 yere144k

Mr. Rich arranged for a mortgage loan for 65 percent of the $2.5 million purchase price of a home. The monthly payment will be $10,400 and the mortgage term is 30 years. What is the EAR on this loan?

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Mr. Rich arranged for a mortgage loan for 65 percent of the $2.5 million purchase price of a home. T...
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