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Property worth $249,000.00 can be purchased for 15% down and mortgage payments of $1325.00 at the end of each month for 25 years. What is

Property worth

$249,000.00

can be purchased for

15%

down and mortgage payments of

$1325.00

at the end of each

month

for

25

years. What is the nominal annual rate of interest compounded

monthly?

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