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A house is for sale for $250.000. You have a choice of two 20-year more with monthly (1) if you make a down payment of

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A house is for sale for $250.000. You have a choice of two 20-year more with monthly (1) if you make a down payment of $25.000, you can obtain a loan with a rate of interest (2) If you make a down payment of $50.000. you can obtain a loan with a rate of interest What is the effective annual rate of interest on the addition $25.000 borowed on the first 1.00% 6.00% 18.67% O 12.95%

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