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An interest-only mortgage is made for $80,000 at 6 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant

An interest-only mortgage is made for $80,000 at 6 percent interest for 10 years. The lender and borrower agree that monthly payments will be constant and will require no loan amortization. A. If the loan is repaid after five years, what will be the yield to the lender? B. Instead of being repaid after five years, what will be the yield if the loan is repaid after 10

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