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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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