What is the effective annual rate(EAR) of a mortgage that is advertised at 6.5 6.5% (APR) over

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What is the effective annual rate(EAR) of a mortgage that is advertised at 6.5

6.5% (APR) over the next twenty years and paid with monthly

monthly payments?

What is the effective annual rate(EAR) of the mortgage at 6.5

6.5% APR with monthly

monthly payments?

nothing

% (Round to two decimalplaces.)

Posted Date: May 16, 2024 04:03 PM

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What is the effective annual rate(EAR) of a mortgage that is advertised at 6.5 6.5% (APR) over

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