A frm loan with the following terms is being made fixed, Ask an Expert

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A FRM loan with the following terms is being made: Fixed rate, constant payment, 12% interest rate, $100,000 desired mortgage amount, $4,000 prepaid finance charge, 30-year, monthly payments. What is the APR for Federal truth-in-lending purposes? Show calculations using a financial calculator (i.e. I=, N=, PMT=, etc.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92833462

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