Answered step by step
Verified Expert Solution
Question
1 Approved Answer
answer is 5.45, just need help solving O out of 2 points FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) &
answer is 5.45, just need help solving
O out of 2 points FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) & Assuming borrower keeps the loan the entire term, how many points must a bank charge to receive a 5.5% yield to lender? Answers: 5.45 4.75% 5.36% 6.09% 5.36% 6.09% Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started