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11 - On January 1st Pedro borrowed $500 at a continuous capitalization rate. On July 31st he had to pay $700 to liquidate the debt.

11 - On January 1st Pedro borrowed $500 at a continuous capitalization rate. On July 31st he had to pay $700 to liquidate the debt. What was the nominal interest rate on the loan? 64.90% aa 62.10% aa C. 78.03% aa *d. 57.68% aa e. 45.12% aa a. b

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