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Today, a mortgagor has secured a 2 5 - year ( monthly payments ) , $ 1 , 8 4 0 , 0 0 0
Today, a mortgagor has secured a year monthly payments $ loan at with four mortgage discount points and a prepayment penalty of of the outstanding loan balance. Eighteen years later, the mortgagor pays off the loan due to the sale of the property to an investor
What is the Lender's Effective Yield LEY on this loan scenario? type answer as a percent without the and to two decimal places
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