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For questions 7-9 You just took out a 25-year $500,000 mortgage at 6% for 25 years. You purchased 4 points and are responsible for $15,000

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For questions 7-9 You just took out a 25-year $500,000 mortgage at 6% for 25 years. You purchased 4 points and are responsible for $15,000 in closing costs. 7) What are if the lender's yield? 8) What is the effect borrowing costs? 9) What is your remaining balance after 9 years

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