20. You plan to buy a Bat for 200,000 by making *40,000 downpayment. A house financing company...
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20. You plan to buy a Bat for 200,000 by making *40,000 downpayment. A house financing company offers you a 12-year mortgage requiring end-of-year payments of *28,593. The company also wants you to pay 5,000 as the loan-processing fee, which they will deduct from the amount of loan given to you. What is the rate of Interest on loan?
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