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You want to buy a $300,000 home and pay for it over 30 years. You can make of payment of $3200 per month. What annual

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You want to buy a $300,000 home and pay for it over 30 years. You can make of payment of $3200 per month. What annual rate are you paying on your loan (approximately)? a) 1.04% b) 2.08% c) 12.49%** 15.12% No solution, your payment has to be greater than $3000 a month

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