Question: 17. Problem 5.17 Click here to read the eBook: Comparing Interest Rates EFFECTIVE INTEREST RATE You borrow $260,000; the annual loan payments are $29,906.4 for

17. Problem 5.17 Click here to read the eBook: Comparing Interest

17. Problem 5.17 Click here to read the eBook: Comparing Interest Rates EFFECTIVE INTEREST RATE You borrow $260,000; the annual loan payments are $29,906.4 for 30 years. What interest rate are you being charged? Round your answer to two decimal places

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