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A house costs $138,000. It is to be paid off in exactly ten years, with...

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Accounting

A house costs $138,000. It is to be paid off in exactly ten years, with monthly payments of $1,711.00. What is the APR of this loan?

A.9.5%

B.

6.5%

C.

7.5%

D.

8.5%

Answer & Explanation Solved by verified expert
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