You borrow $180,000; the annual loan payments are $11,709.26 for 30 years. What interest rate are...

You borrow $180,000; the annual loan payments are $11,709.26 for 30 years. What interest rate are you being charged? Round your answer to two decimal places.

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Expert Solution

Calculation-

As no method was mentioned I have solved the problem using excel function.

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jeff jeffy answered 1 year ago

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