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1) Calculate the annual effective cost of a $21,130 loan with an APR of 5.87%, compounded monthly a) Calculate the annual effective cost of a

1) Calculate the annual effective cost of a $21,130 loan with an APR of 5.87%, compounded monthly

a) Calculate the annual effective cost of a $21,574 loan with an APR of 6.63%, compounded annually, with a compensating balance requirement of 12%

b) Calculate the annual effective cost of a $12,595 loan with an APR of 5.57%, compounded annually, with a 0.58% loan origination fee

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