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16 A property worth $11,000 is purchased for 10% down and payments of $233 at the end of every month for 4 years. What is
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A property worth $11,000 is purchased for 10% down and payments of $233 at the end of every month for 4 years. What is the nominal annual rate of interest? % compounded monthly. The nominal annual rate of interest is approximately (Round to two decimal places as needed.)Step by Step Solution
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