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To increase the effective yield on a $250,000 loan by 1/4% when one discount point is equivalent to an increase in the APR of 1/8%, how much would the lender collect at settlement in loan discount?

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To increase the effective yield on a $250,000 loan by 1/4% when one discount point is equivalent to an increase in the APR of 1/8%, how much would the lender collect at settlement in loan discount?






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