Abbie has a mortgage balance of $156,109.40 and makes monthly payments of $912.60. If she has 25

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Abbie has a mortgage balance of $156,109.40 and makes monthly payments of $912.60. If she has 25 years left on the conventional fixed 30-year loan, what is her interest rate?

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Contemporary Business Mathematics with Canadian Applications

ISBN: 978-0133052312

10th edition

Authors: S. A. Hummelbrunner, Kelly Halliday, K. Suzanne Coombs

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Posted Date: May 30, 2023 05:35 AM

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Abbie has a mortgage balance of $156,109.40 and makes monthly payments of $912.60. If she has 25

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To calculate Abbies interest rate we can use an amortization formula and solve for ... View the full answer

Contemporary Business Mathematics with Canadian Applications

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