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If you obtain a $200,000. 30 year fixed rate mortgage at 6% with two points at...

If you obtain a $200,000. 30 year fixed rate mortgage at 6% with two points at closing .what would the effective rate be ?

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Home nert Page Layout Formulas Data Review View dd-Ins s Cut ta copy. Σ AutoSum ー E ゴWrap Text Currency в 1 프 . Ej-., Δ. : rーー 逻锂函Merge & Center. $, % , 弼,8 C Paste Conditional Format CeInsert Delete Format Formatting, as Table w styles. ▼ ㆆ ▼ Sort &Find & 2 ClearFe Select Edting Format Painter Clipboard CN170 CI Font Alignment Number Styles Cells CJ CK CL CM CN CO CP CQ 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 LOAN YEARS PERIODS IN A YEAR RATE CLOSING COST CLOSING COST 30 12 5% 2 POINTS 4000 (200000 x 296) PMT $1,199.10 EXCEL PMT(CM157/CM156,CM155*CM156,-CM154) MONTHLY RATE EFFECTIVE RATE 0.502564% RATE(CM155CM156,-CM161,CM154-CM159) ANSWER 6.20% (1+0.502564%)^12-1 EFFECTIVE ANNUAL RATE (1r/m)Am-1 r/m-MONTHLY RATE-0.502564% NOTE 제 トト11 CALCULATOR | LOAN OPTIONS fv. ann CAP STRU VALUE BOX DILUTION DOLLAR COST AVGMORTGAGE EXPO Sheeti Sheet2 Shel 03:45 31-01-2019

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