What is your annual interest rate on the mortgage

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You buy a house with a $250,000 mortgage, 30 years, compounded monthly, fully amortizing, payment of $1,157.79. What is your annual interest rate on the mortgage?

Reference no: EM131303737

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What is your annual interest rate on the mortgage : You buy a house with a $250,000 mortgage, 30 years, compounded monthly, fully amortizing, payment of $1,157.79. What is your annual interest rate on the mortgage?

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