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17) Your father loans you $12,000 to make it through your senior year. His repayment schedule requires payments of $1401.95 at the end of year

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17) Your father loans you $12,000 to make it through your senior year. His repayment schedule requires payments of $1401.95 at the end of year for the next 15 years. What interest rate is he charging you? a) 7.0% b) 7.5% c) 8.0% d) 8.5%

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