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QUESTION 19 Your home mortgage loan has an initial balance of $500,000. The loan is to be paid off in exactly 30 years, with monthly

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QUESTION 19 Your home mortgage loan has an initial balance of $500,000. The loan is to be paid off in exactly 30 years, with monthly payments of $2,750. What is the interest rate (as annual percentage rate, APR) on this loan? Hint: First, solve for the loan's monthly interest rate. Then, multiply this monthly interest rate by 12 to find the APR. O 5.76% O 5.21% O 4.39% O 3.29%

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