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Property worth $85,500.00 can be purchased for 5% down and quarterly mortgage payments of $2100.00 for 15 years. What effective annual rate of interest is
Property worth $85,500.00 can be purchased for 5% down and quarterly mortgage payments of $2100.00 for 15 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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Corporate Finance Principles And Practice
Authors: Denzil Watson, Tony Head
1st Edition
0273630083, 978-0273630081
