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A savings and loan agreed to make a $65,000 mortgage at 8%interest for 30years and charged 3 points to negotiate the loan. What was the effective yield to the lender?
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A savings and loan agreed to make a $65,000 mortgage at 8%interest for 30years and charged 3 points to negotiate the loan. What was the effective yield to the lender?

User Chris Wheadon
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Ok,,,,,,,,,,,,,,,,,,,
User Gerald Mayr
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