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For a $300,000 loan at a 12% nominal interest rate wit ha 30 year amortization period, how many discount points would the lender have to
For a $300,000 loan at a 12% nominal interest rate wit ha 30 year amortization period, how many discount points would the lender have to charge to increase the lender's yield to 13%? Assume monthly payment and no payment of the mortgage by the borrower prior to maturity. show steps in the calculator.
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