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Consider the sale for which the lender quoted a 6.75% annual mortgage interest rate, with a 20-year amortization, compounded monthly. What is the mortgage capitalization

Consider the sale for which the lender quoted a 6.75% annual mortgage interest rate, with a 20-year amortization, compounded monthly. What is the mortgage capitalization rate? A. 8.77% B. 9.12% C. 6.75% D. 7.60%

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