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Business, 07.04.2020 20:04 gugu1004

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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