Question

A bank has agreed to lend you $524,000 for a home loan. The loan will be fully amortized over 40 years at 5.33%, with .58 points. The loan payments will be monthly. The closing cost is estimated to be $2,579 and you plan to refinance the mortgage in 6 years. Calculate the actuarial rate.

Answer 1

Answer:

I don't know the ans

Explanation:

hope you understand my situation