ljones6398 ljones6398

22-04-2024
Mathematics

Answered

Which of the following represents the number of discount points that need to be charged on a 30-year loan by a mortgage lender if they intend to lend money at 9 3/4% and the loan yield is 10 3/8%?
a) 3
b) 4
c) 5
d) 6

Answer :

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