Answered: The internal rate of return on a…

The internal rate of return on a mortgage loan calculated from the lender's perspective is more commonly referred to as the: Multiple Choice O discount point. O effective borrowing cost.

Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)

7th Edition

ISBN:9780357033609

Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk

Chapter7: Using Consumer Loans

Section: Chapter Questions

Problem 6LO

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Question

The internal rate of return on a mortgage loan calculated from the lender's perspective is more commonly referred to as the:
Multiple Choice
O discount point.
O effective borrowing cost.
Olender's yield.
Oloan constant.

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