Question: I need help with question 10. I have workout out number 9. 9) What is the balance at the need of Year 10 on a

I need help with question 10. I have workout out number 9.

9) What is the balance at the need of Year 10 on a loan with the following loan assumptions using the PV Method or tables?

Loan Amount $100,000

Interest Rate 8%

Amortization Period 25 Years

Payments Per Year 12

Answer is $80,763.31 for number 9

10). On question 9 if the lender charged 2 discount points what is the lenders effective yield if the loan is outstanding for 10 years

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