Given the following information, calculate the lenders - Practice (English) | ObjectiveMcq

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Given the following information, calculate the lenders - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementMortgagesGiven the following information, ca...

Mortgages Business ManagementEasy

1,433 views

Given the following information, calculate the lenders yield. Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Payment: $1,225.00, Discount points: 2.

Correct Answer:

(C) 8.20%

Explanation:

8.20%

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