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%_________ 16. You purchase a house with the following terms: $245,000 selling price, your lender has an 80% LVR for the fully amortized CPM you
%_________ 16. You purchase a house with the following terms: $245,000 selling price, your lender has an 80% LVR for the fully amortized CPM you desire, 3.99% interest compounded monthly, 2.5 points, 25 year amortization period. What is the lenders return (earned interest rate)?
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