rebekah8242 rebekah8242
  • 12-01-2024
  • Business
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A borrower has applied for a loan. the purchase price of the property is $280,000. the borrower has $70,000 as a down payment. if the lender approves the loan subject to the payment of 2 points and the interest rate on the loan is 9%, what is the amount of the loan discount and what is the effective yield to the lender

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