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Use a graphing calculator, a spreadsheet, or mathematical software to obtain the solution. Find the APR on a 20-year mortgage of $562,000 carrying a stated interest rate of 4.5% compounded monthly and seven points.

Reference no: EM13192305

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Use a graphing calculator : Use a graphing calculator, a spreadsheet, or mathematical software to obtain the solution. Find the APR on a 20-year mortgage of $562,000 carrying a stated interest rate of 4.5% compounded monthly and seven points.
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