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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. 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. cannot be determined on an annualized basis
  • B. 7.25%
  • C. 0.604%
  • D. 7.16%

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