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Effective Rate of Interest A mortgage company offers to lend you $85,000; the loan calls for payments of $10,552.21 at the end of each year

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Effective Rate of Interest A mortgage company offers to lend you $85,000; the loan calls for payments of $10,552.21 at the end of each year for 30 years. What interest rate is the mortgage company charging you? Do not round intermediate calculations. Round your answer to the nearest whole number, 96

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