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Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the nearest tenth of a percent). Loan amount: $324,900 Term:

Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the nearest tenth of a percent). Loan amount: $324,900 Term: 15 years Interest rate: 5.75% Monthly Payment: $1,271.00 Discount points: 1.5 3rd Party Costs: $3,500

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