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Property worth $169,000.00 can be purchased for 15% down and quarterly mortgage payments of $3075,00 for 20 years. What effective annual rate of interest is

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Property worth $169,000.00 can be purchased for 15% down and quarterly mortgage payments of $3075,00 for 20 years. What effective annual rate of interest is charged? The effective annual rate of interest is (Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as needed)

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