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Calculate the upfront fees that needs to be charged by the lender given a loan for $150,000 with terms 6%, 30 years (monthly compounding). The
- Calculate the upfront fees that needs to be charged by the lender given a loan for $150,000 with terms 6%, 30 years (monthly compounding). The lender wants to earn a 6.6% yield. Assume a holding period of 12 years.
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