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Property worth $330,500.00 can be purchased for 6% down and monthly mortgage payments of $1620.00 for 30 years. What effective annual rate of interest is

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Property worth $330,500.00 can be purchased for 6% down and monthly mortgage payments of $1620.00 for 30 years. What effective annual rate of interest is charged? CLUID 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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