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An amortized mortgage is paying $2000 a month for the next 160 months and the current loan balance is for $265,000. What is the rate

An amortized mortgage is paying $2000 a month for the next 160 months and the current loan balance is for $265,000. What is the rate closest to the monthly compounded Annual Percentage Rate (APR) on this loan?

A) none of the above

B) 0.22%

C) 2.91%

D) .95%

E) 1.51%

please show all work

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