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A borrower procures a package of 3 loans to finance an acquisition. Loan A: 150,000 30-years 6% Loan B: 100,000 20-years 5% Loan C: 50,000

A borrower procures a package of 3 loans to finance an acquisition.

Loan A: 150,000 30-years 6%

Loan B: 100,000 20-years 5%

Loan C: 50,000 10-years 4%

Assuming no points, what is the effective interest rate for this loan package?

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