You borrow 200000 with a 20 year rate mortgage with 2, Ask an Expert

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You borrow $200,000 with a 20 year rate mortgage with 2 front-end points. The initial interest rate is 69%, but after two years the rate is increased to 9%. What is your initial monthly payment, the loan's APR, and the payment after the rate increase?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92370238

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