Multiple Choice
Given the following information,calculate the lender's yield.Loan amount: $166,950,Term: 30 years,Interest rate: 8 %,Payment: $1,225.00,Discount points: 2.
A) 7.7%
B) 8.0%
C) 8.2 %
D) 10.0 %
Correct Answer:
Verified
Correct Answer:
Verified
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