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0 Check My Work (10 remaining Determine the annual financing cost of a 1-year (365 day), $12,000 discounted bank loan at a stated annual

0 Check My Work (10 remaining Determine the annual financing cost of a 1-year (365 day), $12,000 discounted bank loan at a stated annual interest rate of 9.5 percent. Assume that no compensating balance is required. Round your answer to two decimal places. % eBook

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