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Finance Assignment | Professional Writing

Author:
June 8th, 2020

Property worth ​$325,500.00 can be purchased for 10​% down and monthly mortgage payments of $1750.00 for 30 years. What effective annual rate of interest is​ charged?

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The effective annual rate of interest is ​%.

​(Round the final answer to two decimal places as needed. Round all intermediate values to six decimal places as​ needed.)

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