Question: ISHOW IN EXCEL 5 ) Assume a $ 5 6 , 0 0 0 . 0 0 1 5 year fully amortized fixed rate loan

ISHOW IN EXCEL 5) Assume a $56,000.0015 year fully amortized fixed rate loan with a level MONTHLY
payment of $475.00 per month. What interest rate is being charged (Monthly then convert to annual)?

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