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Score: 7 of 14 pts 5 of 14 x Question 5: Problem 4.LO5.78 (similar to) Question Help Settings Your mortgage has an amortization period of
Score: 7 of 14 pts 5 of 14 x Question 5: Problem 4.LO5.78 (similar to) Question Help Settings Your mortgage has an amortization period of 25 years and a quoted rate of 6.2%. You elect to make 12 payments a year. What is the periodic rate on the loan which we use to calculate the payments? The periodic rate on the loan is %. (Round to four decimal places as needed.)
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Introduction To Finance Markets, Investments, And Financial Management
Authors: Ronald W Melicher, Edgar Norton
13th Edition
0470128925, 9780470128923
