as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
system
calculate the mortgage rate for a loan of $50,000 for 20 years with an interest rate of 4%. output the specific mortgage rate.
user
the mortgage rate for a loan of $50,000 for 20 years with an interest rate of 4% is 2.6349%.
assistant