Question: Consider the following monthly amortization schedule: Payment # 1 2 3 Payment 1,167.34 1,167.34 1,167.34 Interest 540.54 539.24 X Debt Payment 626.80 628.10 Y Balance

Consider the following monthly amortization schedule: Payment # 1 2 3 Payment 1,167.34 1,167.34 1,167.34 Interest 540.54 539.24 X Debt Payment 626.80 628.10 Y Balance 259,873.20 259, 245.10 2 With the exception of column one, all amounts are in dollars. Calculate the annual interest rate on this loan. Give your answer to the nearest hundredth percent. Do not include the % sign in your response.

Consider the following monthly amortization schedule: With the exception of column one, all amounts are in dollars, Calculate the annual interest rate on this loan Give your answer to the nearest hundredth percent. Do not include the \% sign in your response

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