Find the effective mortgage rate for a 30-year, $100,000 mortgage at 6% interest compounded monthly with 2 discount points that is expected to be kept for 5 years.

A. 6.55%
B. 6.24%
C. 6.48%
D. 5.98%


Answer: C

Mathematics

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A.
B. {7, -6}
C. {-6}
D. {7}

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Do the operation and express the answer in form. ? ?

A.
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C. (-?, -60)

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