Question: ou have just borrowed $ 1 9 0 , 0 0 0 to buy a condo. You will repay the loan in equal monthly payments

ou have just borrowed $190,000 to buy a condo. You will repay the loan in equal monthly payments of $1,528.78 over the next 30 years.
What monthly interest rate are you paying on the loan?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
What is the APR?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
What is the effective annual rate on that loan?
Note: Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.
What rate is the lender more likely to quote on the loan?

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