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You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in percentage) if it has 5% interest (this includes

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You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in percentage) if it has 5% interest (this includes the impact of the points) and is 30 years?

This is a new situation (ie we aren't using the data from the prior problems). You are getting a $100,000 mortgage and paying 2 points. What is the effective annual yield (in percentage) if it has 5% interest (this includes the impact of the points) and is 30 years

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