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1 Chapter 7 Internal Rate of Return problem A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 At the

1 Chapter 7 Internal Rate of Return problem A woman went to the Beneficial Loan Company and borrowed $10,000. She must pay $323.53 At the end of each month for the next 60 months. A. What is the monthly interest rate she is paying? B. What is the Nominal Interest rate? C. What is the Effective Interest rate? Make your cash flow diagram and solve

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