A mortgage company offers to lend you $85,000; the loan calls for payments of $8,273.59 per year

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A mortgage company offers to lend you $85,000; the loan calls for payments of $8,273.59 per year for 30 years. What interest rate is the mortgage company charging you?

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Financial management theory and practice

ISBN: 978-0324422696

12th Edition

Authors: Eugene F. Brigham and Michael C. Ehrhardt

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Question Posted: Mar 16, 2010 03:33 AM

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A mortgage company offers to lend you $85,000; the loan calls for payments of $8,273.59 per year

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Financial management theory and practice

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