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v A friend is looking at take a mortgage out from Rocket Mortgage. Their loan amount is $192,000 and they have to pay $3,000 per
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A friend is looking at take a mortgage out from Rocket Mortgage. Their loan amount is $192,000 and they have to pay $3,000 per month (loans are paid at the end of the period) for the 20 year loan period. What was the monthly interest rate on this loan? (X.X%) Step by Step Solution
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