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A 30-year FRM loan of $100,000 is issued at an annual interest rate of 6% with monthly amortization. There are no discount points or underwriting
A 30-year FRM loan of $100,000 is issued at an annual interest rate of 6% with monthly amortization. There are no discount points or underwriting fees charged on this loan. What is the expected yield on this loan at years 1, 5, 10, and 30? What is the APR?
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