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Problem #2: You have taken a loan of $294,000. You can afford to pay monthly payments of $2447.74. This loan will be repaid in 22

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Problem \#2: You have taken a loan of $294,000. You can afford to pay monthly payments of $2447.74. This loan will be repaid in 22 years. What is the nominal annual rate of interest charged on this loan? Answer as a Problem \#2: percentage, correct to 2 decimals

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