What is your EBC on the loan described in question #10 if, in addition to the two discount points, you paid $10,000 in closing costs to close the loan, and you then sell the office building after 7 years and pay off the loan at the sale (rounded to 2 decimal places)?

What is your EBC on the loan if you pay the loan off in 12 years (rounded to 2 decimal places)? (Note, you are still paying the $10,000 in closing costs to close the loan)?

Information from Q10: Suppose you take out the following loan to finance the purchase of a small commercial office building: $2,750,000, 25-year term, fully amortizing, at a 3% interest rate. What is the lenders yield if it charges two discount points and you use the entire 25 year term to pay off the loan (rounded to 2 decimal places)? = 3.19%