Question: PUT ANSWER IN TWO DECIMAL PLACES 13. You are looking at buying a mortgage from a lender. They have 28 years left on a 30-year

PUT ANSWER IN TWO DECIMAL PLACES

13. You are looking at buying a mortgage from a lender. They have 28 years left on a 30-year fixed-rate mortgage with a monthly payment of $2000. They are selling the mortgage for $440,000 What is the implied market (annual interest) rate of return on the mortgage? Please put your answer in percentage with two decimal places for instance put 7.63 for 7.63%. Please enter a positive value

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