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You have taken a loan of $181,000. You can afford to pay monthly payments of $1536.08. This loan will be repaid in 24 years. What

You have taken a loan of $181,000. You can afford to pay monthly payments of $1536.08. This loan will be repaid in 24 years.

What is effective annual rate of interest charged on this loan?

Plz show the procedure

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