Mathematics, 27.07.2019 05:10 adriandehoyos1p3hpwc

Aproperty worth $47,700 is purchased for 5% down and monthly payments of $400 for 15 years. what is the effective annual rate of interest if interest is compounded annually? the effective annual rate of interest is (round to two decimal places as needed.)

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Aproperty worth $47,700 is purchased for 5% down and monthly payments of $400 for 15 years. what is...