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Ann is looking for a fully amortizing 3 0 year Fixed Rate Mortgage with monthly payments for $ 4 , 5 0 0 , 0

Ann is looking for a fully amortizing 30 year Fixed Rate Mortgage with monthly payments for $4,500,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Assuming Ann makes payments for 30 years, what is Anns annualized IRR from mortgage A?

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