Question
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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Guide To Finance Theory And Application Portfolio Mathematics
Authors: Professional Risk Managers' International Association (PRMIA)
1st Edition
0071731814
