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A mortgage company offers to loan you $150,000; the loan calls for annual payments of $16,432.08 for twenty years. What interest is teh company charging
A mortgage company offers to loan you $150,000; the loan calls for annual payments of $16,432.08 for twenty years. What interest is teh company charging you? Please show all work and show what the N is, the PV is,the i/y is and anything else that I need to see so I understand the problem.Thanks
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