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Question 2. A family has taken a mortgage loan of 1,000,000 AED. They are required to pay 100,000 at the end of each year

Question 2. A family has taken a mortgage loan of 1,000,000 AED. They are required to pay 100,000 at the end of each year over twenty years. What is the yield to maturity of this mortgage loan? (2 marks)

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