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3 The interest that Takerra pays on her student loan is tax deductible. If she pays 12% APR interest on the loan and her marginal

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The interest that Takerra pays on her student loan is tax deductible. If she pays 12% APR interest on the loan and her marginal tax rate is 21% then, what actually the student loan is costing her (what is the after tax rate)? (Round your answer to two decimal points)

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