Calculate the amortized fees and expenses for loan

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Reference no: EM132017227

Suppose you take a 26-year mortgage of $130000. The annual interest rate is 4%, and the annual APR is 4.60%. 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).

Reference no: EM132017227

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