What is the yield to the lender on a $300,000 loan at 5.50 percent interest, with monthly payments amortized over 30 years if the lender charges 3 points at origination, and the loan is outstanding for the full loan term which is fifteen years? Group of answer choices A. 6.60% B. 6.50% C. 5.84%
What is the yield to the lender on a $300,000 loan at 5.50 percent interest, with monthly payments amortized over 30 years if the lender charges 3 points at origination, and the loan is outstanding for the full loan term which is fifteen years? Group of answer choices A. 6.60% B. 6.50% C. 5.84%
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Manshukh
![What is the yield to the lender on a $300,000 loan at 5.50 percent interest, with
monthly payments amortized over 30 years if the lender charges 3 points at
origination, and the loan is outstanding for the full loan term which is fifteen years?
Group of answer choices
A. 6.60%
B. 6.50%
C. 5.84%
D. 6.89%](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F54fafca2-4b19-42e1-b57a-4faba095a1ec%2F561177c6-8660-4c28-82da-5e852f4895aa%2F1ydaoko_processed.jpeg&w=3840&q=75)
Transcribed Image Text:What is the yield to the lender on a $300,000 loan at 5.50 percent interest, with
monthly payments amortized over 30 years if the lender charges 3 points at
origination, and the loan is outstanding for the full loan term which is fifteen years?
Group of answer choices
A. 6.60%
B. 6.50%
C. 5.84%
D. 6.89%
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