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Cornelia will borrow $300,000 from the bank as a mortgage on her new home. The posted rate is an APR of 3.6%, with semi-annual compounding,

image text in transcribed Cornelia will borrow $300,000 from the bank as a mortgage on her new home. The posted rate is an APR of 3.6%, with semi-annual compounding, and the term of the mortgage is 20 years. Her payments are monthly. What is the monthly interest rate? 0.2778% 0.2878% 0.2978% 0.3000%

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