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I need help firguring oht Task 3&4. i'm not quite sure what formula to use for nominal and effective interest rate. (33) You are interested

I need help firguring oht Task 3&4. i'm not quite sure what formula to use for nominal and effective interest rate. image text in transcribed
(33) You are interested in purchasing a home You have been quoted monthly payments of 5950 for a 30 year mortgage Your original loan amount is $212,000. What is the interest rate you will pay on the foan? - Use the RATE function. - Reference the loan information in the Task 3&4 Data" cells as the arguments for your function. - fiemember to multiply the computed nominal interest rate by 12 (to calculate the annisal interest rate)

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