Calculating The APR  Assumption: Borrow $100,000 for 30 years, monthly payments 7% & 0 pts: 100,000 - 0 = $665.30 (PVAIF i/12,360 ) i =7% 6.75% & 1 pt: 100,000 - 1,000 = $648.60 (PVAIF i/12,360 ) i = 6.85% 17 © OnCourse Learning
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