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Given the below data, what is the lender's yield to maturity? Loan amount: $275000 Term: 18 years Interest rate: 5.5% Lender's 'points': 1.5% Other 'third
Given the below data, what is the lender's yield to maturity?
Loan amount: $275000
Term: 18 years
Interest rate: 5.5%
Lender's 'points': 1.5%
Other 'third party' costs: 4%
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