Question: |Ann is looking for a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,250,000. Mortgage A has a 4.38% interest rate and requires

|Ann is looking for a fully amortizing 30-year Fixed Rate Mortgage

|Ann is looking for a fully amortizing 30-year Fixed Rate Mortgage with monthly payments for $1,250,000. Mortgage A has a 4.38% interest rate and requires Ann to pay 1.5 points upfront. Assuming Ann makes payments for 2 years, then immediately pays the remaining balance, what is Ann's IRR from mortgage A

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