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job71188 Wrote:
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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.


+1

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