A lender makes a loan for 125,000 at 7% interest for 30 years. The lender wants...

A lender makes a loan for 125,000 at 7% interest for 30 years. The lender wants the loan to yield 8%. What origination fee should be charged to achieve an 8% yield?

11,662.81

11,250.00

12,500.00

10,780.34

Expert Solution

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jeff jeffy answered 1 week ago

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