Question
Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the nearest tenth of a percent). Loan amount: $166,950, Term:
Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the nearest tenth of a percent). Loan amount: $166,950, Term: 15 years, Interest rate: 8 %, Monthly Payment: $1,595.46, Discount points: $4,340. Show all work
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Personal Finance
Authors: Jack Kapoor, Les R. Dlabay, Robert J. Hughes
2nd Edition
0256079056, 9780256079050
