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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 - $200,000.00,
Given the following information about a fully amortizing loan, calculate the lender's yield (rounded to the nearest tenth of a percent): loan amount - $200,000.00, term - 30 years, nominal interest rate - 5%, monthly payment - $1,073.64 (due at the end of each mo.), discount points - 1.5. 5.5% 6.2% 5.1% 5.0%
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