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3. You loan someone $4,500 with the understanding that they will repay you in 3 years $5,500. What is the yield to maturity on this

3. You loan someone $4,500 with the understanding that they will repay you in 3 years $5,500. What is the yield to maturity on this simple loan?
4. You have just agreed to purchase a home for $500,000. You will put 25% down and finance $375,000 for 30 years at a fixed rate of 7%. What is the required monthly payment covering just the principal and interest?
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3. You loan someone $4,500 with the understanding that they will repay you in 3 years $5,500. What is the yield to maturity on this simple loan? 4. You have just agreed to purchase a home for $500,000. You will put 25% down and finance $375,000 for 30 years at a fixed rate of 7%. What is the required monthly payment covering just the principal and interest

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