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A borrower needs $300,000 in cash to purchase a residential property. The lender offers this borrower a 30 year FRM at 4% with 3 points. What is the principal balance the borrower (e.g. the PV) would need to repay to the lender if he or she accepts this loan?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92296198

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