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A 2 5 - year loan for $ 3 5 0 , 0 0 0 has a 1 0 . 5 % interest rate with

A 25-year loan for $350,000 has a 10.5% interest rate with monthly payments. What is the yield to the lender, (on an effective annual rate basis), if three points are charged and the loan is held for the full term?
\table[[Correct Answer,11.47%
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