Question
Find the lender's yield for this loan: Loan amount: $100,000, Term: 25 years, Interest rate: 8%, Lender points and origination fee: 2,500, Third-party fees: $3,000.
Find the lender's yield for this loan: Loan amount: $100,000, Term: 25 years, Interest rate: 8%, Lender "points" and origination fee: 2,500, Third-party fees: $3,000. Assume the loan is held until the end of year 5.
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Investments An Introduction
Authors: Herbert B Mayo
11th Edition
1133936520, 9781133936527
