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You bought a ski chalet at Whistler for $270,000. You borrow the full amount over a 30 -year term. The bank quotes you a rate

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You bought a ski chalet at Whistler for $270,000. You borrow the full amount over a 30 -year term. The bank quotes you a rate of 3%. You select monthly payments. What periodic rate will you use to solve for the mortgage payments? 0.2485%0.2455%0.2475%0.2465%

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