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Fully Amortizing Loan Assignment

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February 19th, 2020

Given the following information about a fully amortizing loan, calculate the lender’s yield (rounded to the nearest hundredth of a percent). Loan amount: $166,950, Term: 30 years, Interest rate: 3 %, Monthly Payment: $703.87, Discount points: 2.

N =_________ I/Y = ___________ PV = _________________ PMT = _______________ FV = __________________ P/Y = __________Get Finance homework help today

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