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Effective interest rate be for these loans

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The purchase price is $375,000 and the seller will carry all of the financing. The 1stTD is for $225,000 @ 6.0%, 30/30. The 2ndTD is for $125,000 @ 7.5% interest, 30/15 and the 3rd. TD is for $25,000 @ 9.0% interest only for 5 years. You are to work up the payment for all 3loans. Plus, what would the "effective" interest rate be for these loans?

Reference no: EM131050192

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