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A 25-year mortgage loan provides $120.000 in exchange for monthly payments of $1.263.37. 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 $1.263.37. What annual nominal rate of interest is being charged on this loan? O 05% O 120% None of these are correct 7.7%

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