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What is the yield to the lender on a $ 4 0 0 , 0 0 0 loan at 6 . 0 0 percent interest,

What is the yield to the lender on a $

400, 000

loan at

6.00

percent interest, with monthly payments amortized over

30

years if the lender charges

1

point at origination, and the loan is outstanding for the entire amortization period?

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