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Given the following information about a fully amortizing loan, calculate the lender's yield (rounded to the nearest tenth of a percent), Loan amount: $156,950 Term:

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Given the following information about a fully amortizing loan, calculate the lender's yield (rounded to the nearest tenth of a percent), Loan amount: $156,950 Term: 30 years Interest rate: 8% Monthly Payment: $1,225.00 Discount points: 2 Other Closing Expenses: $3,811 8.296 09.2% 8.996 8.596

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