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how many discount points must be charged by the lender so that the effective yield on a 40-year fixed rate mortgage is 10 percent if
how many discount points must be charged by the lender so that the effective yield on a 40-year fixed rate mortgage is 10 percent if the nominal interest rate is 7%. assuming month compounding?
a) 26.82
b) 27.02
c) 27.22
D.) 27.42
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