Business, 29.01.2020 04:51 averyeverdeen01
If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by 1/8th of one percent, how many discount points must be purchased to lower the interest rate by 1%?
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If one discount point costs the borrower 1% of the loan amount, and increases the lender's yield by...
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