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A bank makes a $300,000 loan and will receive payments of $1,750 each month for 30 years as repayment. What is the rate of return

A bank makes a $300,000 loan and will receive payments of $1,750 each month for 30 years as repayment. What is the rate of return to the bank for making this loan? 7.00% 6.90% 6.25% 5.00% 5.75%

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