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Can you please walk me trough how to do this wrok problem step by step. You obtain a loan of $150,000 at 6% amortized over
Can you please walk me trough how to do this wrok problem step by step. You obtain a loan of $150,000 at 6% amortized over thirty years with monthly payments. You are required to pay closing costs and fees of 1.5% of the loan amount to the lender. What is the yield of the loan if paid off at the end of 5 years?
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