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Mr . Tramp made a mortgage 5 years ago for $ 8 5 , 0 0 0 at 8 . 2 5 % interest and
Mr Tramp made a mortgage years ago for $ at interest and a year term. Rates have now risen to for an equivalent loan. Mr Tramps lender is willing to discount the loan by $ if he will prepay the loan. What rate of return would Mr Tramp receive by prepaying the loan?ABCD
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