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Effective Borrowing Cost Assignment

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February 19th, 2020

Given the following information, calculate the effective borrowing cost (EBC): loan amount: $685,000; term: 30 years; interest rate: 4.5%; discount points: 1 point; third-party fees: $6,250. Assume the loan is held until the end of year 3. PLEASE USE FINANCIAL CALCULATOR & SHOW KEYSTROKES. Get Finance homework help today

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