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A 25-year mortgage loan provides $120,000 in exchange for monthly payments of $773.16. What annual nominal rate of interest is being charged on this loan?

A 25-year mortgage loan provides $120,000 in exchange for monthly payments of $773.16. What annual nominal rate of interest is being charged on this loan? O 0.5% O 12.0% 06.0% 7.7%

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