What is the interest rate for the mortgage? Use the amortization schedule to answer the question. Loan

What is the interest rate for the mortgage?

Use the amortization schedule to answer the question.

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Loan Amount Interst Rate (annual) Term (Years) Amortization Schedule Calculator $168,458.00 5.85% 15 Monthly Payment $1,407.93 Month Payment 93 $1,407.93 Principal Interest Total Interest Balance $917.74 $490.19 $62,112.60 $99,633.22 94 $1,407.93 $922.22 $485.71 $62,598.32 $98,711.00 95 $1,407.93 $926.71 $481.22 $63,079.53 $97,784.29 96 $1,407.93 $931.23 $476.70 $63,556.23 $96,853.06 97 $1,407.93 $935.77 $472.16 $64,028.39 $95,917.29 98 $1,407.93 $940.33 $467.60 $64,495.99 $94,976.96 99 $1,407.93 $944.92 $463.01 $64,959.00 $94,032.04 100 $1,407.93 $949.52 $458.41 $65,417.40 $93,082.52 101 $1,407.93 $954.15 $453.78 $65,871.18 $92,128.37 102 $1,407.93 $958.80 $449.13 $66,320.31 $91,169.56 103 $1,407.93 $963.48 $444.45 $66,764.76 $90,206.09 104 $1,407.93 $968.17 $439.75 $67,204.51 $89,237.91 105 $1,407.93 $972.89 $435.03 $67,639.55 $88,265.02 106 $1,407.93 $977.64 $430.29 $68,069.84 $87,287.38 107 $1,407.93 $982.40 $425.53 $68,495.37 $86,304.98 108 $1,407.93 $987.19 $420.74 $68,916.10 $85,317.79 109 $1,407.93 $992.00 $415.92 $69,332.03 $84,325.78 110 $1,407.93 $996.84 $411.09 $69,743.12 $83,328.94 111 $1,407.93 $1,001.70 $406.23 $70,149.34 $82,327.24 112 $1,407.93 $1,006.58 113 $1,407.93 $1,011.49 114 $1,407.93 $1,016.42 115 $1,407.93 $1,021.38 $401.35 $70,550.69 $81,320.66 $396.44 $70,947.13 $80,309.17 $391.51 $71,338.63 $79,292.74 $386.55 $71,725.19 $78,271.37