Suppose you take a 25-year mortgage of $240000. The annual interest rate is 4%, and...
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Suppose you take a 25-year mortgage of $240000. The annual interest rate is 4%, and the annual APR is 4.93%. Compounding done on yearly basis. Loan payments are made annually. Calculate the amortized fees and expenses for this loan (in dollars, provide your answer with $1 precision).
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