
- UID
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- 2011-7-11
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- 2014-8-7
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B) 11.95%
I don't think you need to calculate sinking fund factor because it gave you "total cost of mortgage". I beleive that includes the sinking fund factor. If they just gave you mortgage interest rate of 10%, then you would need to calculate sinking fund factor and more information would have been required. |
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