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What is the effective yield to the lender on a $100,000 loan at 5.75 percent interest, with monthly payments amortized over 25 years if the

What is the effective yield to the lender on a $100,000 loan at 5.75 percent interest, with monthly payments amortized over 25 years if the lender charges 2 points at origination, and the loan is outstanding for the entire amortization period?

1 5.75%

2. 5.96%

3 6.05%

4. 5.43%

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