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The Jacksons have agreed to pay $ 1 , 4 1 9 at the end of every month for 1 5 years on their mortgage

The Jacksons have agreed to pay $1,419 at the end of every month for 15 years on their mortgage loan of $167,000. What semiannually compounded nominal rate are they paying?
Multiple Choice
5.09%
7.23%
8.11%
7.29%
6.19%

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