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A fully amortizing mortgage loan was made for $80,000 for 25 years. If the monthly payments in arrears are $900.00, what is the interest rate
A fully amortizing mortgage loan was made for $80,000 for 25 years. If the monthly payments in arrears are $900.00, what is the interest rate on the loan?
Group of answer choices
12.96%
12.82%
13.10%
13.24%
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Exchange Rates and International Finance
Authors: Laurence Copeland
6th edition
273786040, 978-0273786047
