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Round to the nearest cent. Property worth $325,500.00 can be purchased for 10% down and monthly mortgage payments of $1750.00 for 30 years. What effective

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Round to the nearest cent.

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Property worth $325,500.00 can be purchased for 10% down and monthly mortgage payments of $1750.00 for 30 years. What effective annual rate of interest is charged? The effective annual rate of interest is D%. (Round the nal answer to two decimal places as needed. Round all intermediate values to six decimal places as needed.)

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