Business, 09.10.2021 19:50 brendaesme

Given that all annual percentage rates (APR) are equal, in which case is the effective interest rate on a mortgage highest: Select one: a. for a 30-year mortgage with no points, that is prepaid in five years b. For a mortgage with no points that is prepaid at maturity c. For a 30-year mortgage with points, that is paid off at maturity d. For a 30-year mortgage with points, that is prepaid in 5 years

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Given that all annual percentage rates (APR) are equal, in which case is the effective interest rate...