A bank has offered a $250,000 mortgage at a quoted rate of 6%. The mortgage...
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A bank has offered a $250,000 mortgage at a quoted rate of 6%. The mortgage calls for weekly payments based on a 25-year amortization period. What discount rate would you use to find your weekly payment amount? (Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit the % sign in your response. For example, an answer of 15.39% should be entered as 15.39.)
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