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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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