Question: please solve it with whole process. step by step. Ann is looking for a fully amortizing 30-year Fixed Rate Morfgage with monthly payments for $1,250,000.

please solve it with whole process. step by step.

Ann is looking for a fully amortizing 30-year Fixed Rate Morfgage 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 30 years, what is Ann's annualized IRR from mortgage A

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