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Assume a $7,000,000 mortgage for an office building has a loan constant of 7.35%. The loan is fully amortizing based a 30-year amortization, monthly pay.

Assume a $7,000,000 mortgage for an office building has a loan constant of 7.35%. The loan is fully amortizing based a 30-year amortization, monthly pay. What is the interest rate?

Group of answer choices

6.30%

6.25%

6.35%

6.20%

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