What is the nominal annual rate of interest compounded

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Question - A mortgage of $145,000 is amortized over 25 years by monthly payments of $1,297. What is the nominal annual rate of interest compounded semi-annually?

Reference no: EM133102214

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What is the nominal annual rate of interest compounded : A mortgage of $145,000 is amortized over 25 years by monthly payments of $1,297. What is the nominal annual rate of interest compounded semi-annually
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