Calculate your monthly principal and interest payment

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Reference no: EM13877914

If you want to take out a 30 year, $250,000.00 mortgage at 5.5% with 2 points

a. calculate your monthly principal and interest payment?

b. what is the APR and EAR (actual/true/effective rate of interest) on the loan? Show work

Reference no: EM13877914

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