You have just purchased a $$250,000$ home, and the bank has quoted you an interest rate of $3\%$ on a $25-$year mortgage. You chose to

make $24$ payments per year. What periodic rate should you use to calculate the mortgage payments? Express your answer in percentage

form rounded to four decimal places.

$0\mathrm{.}0769\%$You have just purchased a $$250,000$ home, and the bank has quoted you an interest rate of $3\%$ on a $25-$year mortgage. You chose to

make $24$ payments per year. What periodic rate should you use to calculate the mortgage payments? Express your answer in percentage

form rounded to four decimal places.

$0\mathrm{.}1250\%$