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All other things being equal, the lender's effective interest rate on a 30-year fixed rate...

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Accounting

All other things being equal, the lender's effective interest rate on a 30-year fixed rate loan is highest when:
a. discount points are charged and loan is prepaid before maturity
b. the loan has zero discount points and loan is prepaid in 5 years
c. discount points are charged and loan is paid off at maturity
d. the loan has zero discount points and loan is paid off at maturity

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