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all answered in microsoft excel thank you! Problem #2: You have taken a loan of $242,000. You can afford to pay monthly payments of $1272.08.

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Problem #2: You have taken a loan of $242,000. You can afford to pay monthly payments of $1272.08. This loan will be repaid in 27 years. What is the nominal annual rate of interest charged on this loan? Problem #2: Answer as a percentage, correct to 2 decimals

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