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Calculating the rate on an amortized loan Suppose you borrow $ 5 0 0 , 0 0 0 to buy a house. If your monthly
Calculating the rate on an amortized loan
Suppose you borrow $ to buy a house. If your
monthly payments on the year mortgage are $
what interest rate are you paying? State your answer as an
APR
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APR
Suppose you borrow $ to buy a car. If your monthly
payments on the year loan are $ what interest rate are
you paying? State your answer as an APR
Suppose you borrow $ to buy a house. If your
monthly payments on the year mortgage are $
what interest rate are you paying? State your answer as an
APR
Suppose you borrow $ to buy a house. If your
monthly payments on the year mortgage are $
what interest rate are you paying? State your answer as an
APR
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