Question: answer is 5.45, just need help solving O out of 2 points FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) &

answer is 5.45, just need help solving

O out of 2 points FRM (Term=30 years, Note Rate = 5.00, Loan Amount = 200,000, Points=?) & Assuming borrower keeps the loan the entire term, how many points must a bank charge to receive a 5.5% yield to lender? Answers: 5.45 4.75% 5.36% 6.09% 5.36% 6.09%

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