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n 18 Matilda Inc. has just purchased a new company headquarters. To finance the purchase,...

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n 18 Matilda Inc. has just purchased a new company headquarters. To finance the purchase, the company arranged of a 30 year, mortgage loan for 90 percent of the 3,000,000 purchase price. The monthly payment on this loan will be $17.000. What is the Effective Annual Rate (not the APR) on this loan? ed out of on Select one: a. 8.77 % b. 6.658 % c. 6.463% d. 6.236 % e. 6.631 %

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