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A Lender Offers You a Fixed-Rate Mortgage for $145,000 at 6

Question 14

Multiple Choice

A lender offers you a fixed-rate mortgage for $145,000 at 6% for 30 years,monthly payments,with 2.625 discount points.What is the APR for this loan?

A) 6.17%
B) 9.75%
C) 6.25%
D) 8.625%
E) none of the above

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