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A fully amortizing mortgage is made for $84,500 for 25 years. Total monthly payments will be $1,035 per month Required: What is the interest rate

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A fully amortizing mortgage is made for $84,500 for 25 years. Total monthly payments will be $1,035 per month Required: What is the interest rate on the loan? (Round your final answer to 2 decimal places.) Answer is complete but not entirely correct. Annual interest rate 12 96 %

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