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Suppose that you have borrowed $175,000 in the form of a 20-year fixed rate mortgage with the following terms: Interest Rate: 5% per year with

Suppose that you have borrowed $175,000 in the form of a 20-year fixed rate mortgage with the following terms:

Interest Rate: 5% per year with monthly payments and compounding. Origination Fee: 0.5%

Points: 1.75

Third-Party Closing Costs: $2,500

If you pay off this loan at the end of the 5th year, what will be the lenders yield?

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