What is the interest rate

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Suppose a loan payment (principle and interest) is $500 per month and the remaining term is 15 years (180 payments) and the present value of the mortgage is $59,251.76, what is the interest rate?

Reference no: EM13778838

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What is the interest rate : Suppose a loan payment (principle and interest) is $500 per month and the remaining term is 15 years (180 payments) and the present value of the mortgage is $59,251.76, what is the interest rate?

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