Mathematics, 14.03.2022 14:00 anilauferc

Help, I can't figure out how to solve this problem. 10 years ago, a lender provided a $2-million loan for the financing of an apartment building. The loan required annual payments and was fully amortizable over 10 years at an annual interest rate of 9%. It also came with five discount points. The loan has been paid off (in 10 years). What is the lender's yield for this loan?

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Help, I can't figure out how to solve this problem. 10 years ago, a lender provided a $2-million l...

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