Question: < Back to Assignment Attempts: Keep the Highest: /1 17. Problem 5.17 (Effective Interest Rate) eBook You borrow $65,000; the annual loan payments are

< Back to Assignment Attempts: Keep the Highest: /1 17. Problem 5.17

< Back to Assignment Attempts: Keep the Highest: /1 17. Problem 5.17 (Effective Interest Rate) eBook You borrow $65,000; the annual loan payments are $6,895.15 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %

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