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Problem #2: A mortgage is being paid with level monthly payments, which pay off the interest for that month, and provide some repayment of the

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Problem #2: A mortgage is being paid with level monthly payments, which pay off the interest for that month, and provide some repayment of the principal. If the principal repayment in two successive months is S1800.00 and S1806.54 what is the nominal annual interest rate? Answer as a percentage correct to 2 decimals. Problem #2

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