Question: I need detailed answer with numbers and steps . Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the

I need detailed answer with numbers and steps . Given the following information about a fully amortizing loan, calculate the lenders yield (rounded to the nearest tenth of a percent). Loan amount: $166,950, Term: 30 years, Interest rate: 8 %, Monthly Payment: $1,225.00, Discount points: 2.

A.7.7%

B. 8.0%

C. 8.2 %

D.10.0 %

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