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(Solved): 48. What is the annual interest rate of a fully amortizing 25-year fixed rate $150,000 mortgage with ...



48. What is the annual interest rate of a fully amortizing 25-year fixed rate $150,000 mortgage with a monthly payment of $966.45?



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determine the annual interest rate of a fully amortizing 25-year fixed rate mortgage, you can use the following formula: Rate = (Payment / (Loan Amoun
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