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You borrow for 30 -years $70,000 at an interest rate of 4.25 percent (compounded monthly) but the amount due at maturity is $85,000. What is

You borrow for 30 -years $70,000 at an interest rate of 4.25 percent (compounded monthly) but the amount due at maturity is $85,000. What is your pay rate and accrual rate? .045 and .045 .0047 and .005 .00375 and .0035 .00035 and .00375

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