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Mathematics, 28.05.2020 02:57 calvinpaul1966

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?

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Steve takes out a $175,000 mortgage for 20 years. He makes monthly payments and at the end calculate...
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