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Evaluate offers to purchase your mortgageCalculating the yield on a discounted loanExample: You have been offered $50,000 for a mortgage you own. (The original balance was $100,000, there were originally 120 payments due and your interest rate is 10%.) The mortgage has 66 monthly payments still outstanding of $1,321.51 each. What yield is the note buyer intending to get? Answer 22.32% p.a. Enter the numbers above in the boxes below. Do not enter a number in the box next to "Compute". Then click "Compute". Now experiment with different values.
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