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12 Your friend Latisha borrows $3,000 from you for 7 years. She promises to pay you back $4,000. What effective annual rate of interest are

12 Your friend Latisha borrows $3,000 from you for 7 years. She promises to pay you back $4,000. What effective annual rate of interest are you receiving? 4.20% 7.46% 3.45% 4.91% 5.92%

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