- 12 Problem 5 17 Effective Interest Rate Ellook You Borrow 290 000 The Annual Loan Payments Are 21 068 18 For 30 Ye 1 (9.96 KiB) Viewed 26 times
12. Problem 5.17 (Effective Interest Rate) ellook You borrow $290,000; the annual loan payments are $21,068.18 for 30 ye
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12. Problem 5.17 (Effective Interest Rate) ellook You borrow $290,000; the annual loan payments are $21,068.18 for 30 ye
12. Problem 5.17 (Effective Interest Rate) ellook You borrow $290,000; the annual loan payments are $21,068.18 for 30 years. What interest rate are you being charged? Round your answer to the nearest whole number.