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Show using BAII calculator Assume a $100,000 mortgage loan with 30-year term. The lender is charging an annual interest rate of 10% and two discount

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Show using BAII calculator

Assume a $100,000 mortgage loan with 30-year term. The lender is charging an annual interest rate of 10% and two discount points at origination. Up-front financing costs paid to third parties total $1,000. Assuming the mortgage is held for five years and no prepayment, the lender's yield is percent. (round to two decimal places)

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