[Solved] EFFECTIVE INTEREST RATE Y ou borrow $125,

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EFFECTIVE INTEREST RATE Y ou borrow $125,000; the annual loan payments are $17,850.35 for 30 years. What interest rate are you being charged? Round your

EFFECTIVE INTEREST RATE Y

ou borrow $125,000; the annual loan payments are $17,850.35 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

_______%

*Please show how to solve on TI:BA II PLUS Calc.

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