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RBC bank has offered Jacob a $400,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments based on a 25-year amortization

RBC bank has offered Jacob a $400,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments based on a 25-year amortization period. What discount rate would Jacob use to find the amount of his weekly payments?

Round two decimal places

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