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  3. 1)consider a loan for $35,301 that is paid off in

1)Consider a loan for $35,301 that is paid off in 15 yearly payments of $3,000....

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Finance

1)Consider a loan for $35,301 that is paid off in 15 yearly payments of $3,000.

What is the interest rate?

2)You took out a mortgage for $400,000. You need to pay $3,122 every month for 15 years.

What is the monthly interest rate?

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