Question: Property worth $120,000.00 can be purchased for 5% down and mortgage payments of $4900.00 at the end of each six months for 20 years. What

Property worth $120,000.00 can be purchased for 5% down and mortgage payments of $4900.00 at the end of each six months for 20 years. What is the nominal annual rate of interest compounded semi-annually?

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