Question: A local lender charged 8% interest plus 3 points on a conventional mortgage loan. What is the approximate yield on the loan? Select one: A.

A local lender charged 8% interest plus 3 points on a conventional mortgage loan. What is the approximate yield on the loan? Select one: A. 8.12.5% B. 8.25% C. 8.375% D. 8.50%

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