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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 5 years ago for $85,000 at 8.25% interest and a 15 year term. Rates have now risen to 10% for an equivalent loan. Mr. Tramps lender is willing to discount the loan by $2,000 if he will prepay the loan. What rate of return would Mr. Tramp receive by prepaying the loan?(A)7.83%(B)10.24%(C)14.32%(D)9.14%

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