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If your monthly payment is $545.74 on a $80,000 mortgage for 30 years, what is your annual interest rate? A.7.25% B.cannot be determined on an
- If your monthly payment is $545.74 on a $80,000 mortgage for 30 years, what is your annual interest rate?
- A.7.25%
- B.cannot be determined on an annualized basis
- C.7.16%
- D.0.604%
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Contemporary Financial Management
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
13th edition
1285198840, 978-1285198842
