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Mathematics, 17.12.2019 22:31 doe69902
Sam takes out a $167,000 mortgage for 20 years. he makes monthly payments and at the end calculates
that he has paid $240,141 towards the mortgage. what is the approximate apr?
apr = __2nf
r
p
(n+1)
3%
0
6%
0
0
7%
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Sam takes out a $167,000 mortgage for 20 years. he makes monthly payments and at the end calculates<...
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