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21) If a borrower promises to pay you $1,900 9 years from now in return for a loan of $1,000 today, what effective annual interest
21) If a borrower promises to pay you $1,900 9 years from now in return for a loan of $1,000 today, what effective annual interest rate is being offered? A. 5.26% B. 7.39% C. 9.00% D. 10.00%
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