Steve takes out a $175,000 mortgage for 20 years. He makes monthly payments and at the end
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Steve takes out a $175,000 mortgage for 20 years. He makes monthly payments and at the end calculates that he has paid $255,125 toward the mortgage. What was the approximate APR of the loan?
Related Book For
Engineering Economic Analysis
ISBN: 9780195168075
9th Edition
Authors: Donald Newnan, Ted Eschanbach, Jerome Lavelle
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