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Q3. Find the lender's yield for this mortgage: $125, 000 loan amount, 15 years monthly payment, 6.25 percent, and lender's point equal to $2,500. Assume

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Q3. Find the lender's yield for this mortgage: $125, 000 loan amount, 15 years monthly payment, 6.25 percent, and lender's point equal to $2,500. Assume no prepayment. [8 points] N PV PMT FV 180 6.25/12? (-)125000 1071.77 0 180 6.57? (-)122500 1071.77 0 Lender's Yield=

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