Question: Back to Assignment Attempts: Keep the Highest: /5 2. Problem 5.17 (Effective Interest Rate) LE eBook You borrow $110,000; the annual loan payments are $15,708.31

Back to Assignment Attempts: Keep the Highest: /5 2. Problem 5.17 (Effective Interest Rate) LE eBook You borrow $110,000; the annual loan payments are $15,708.31 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number. %

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