Your monthly payment is 3500 what is the annual rate of the


You get a mortgage for a 500,000 house. You take out a fifteen year mortgage of 400,000. Your monthly payment is 3500. What is the annual rate of the mortgage? Answer exactly as the numbers would appear in the spreadsheet - be sure to include the % sign.

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Finance Basics: Your monthly payment is 3500 what is the annual rate of the
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