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7. What is the effective interest rate in each case? Answers in percentages rounded to three decimal points. Borrowed $99,000 on June 1, 2021 and

7. What is the effective interest rate in each case? Answers in percentages rounded to three decimal points. Borrowed $99,000 on June 1, 2021 and repaid $100,000 on June 1, 2022: %. Borrowed $99,000 on June 1 2021 and repaid $100,000 on December 1, 2021: %. Borrowed 895,000,000 on June 1 2021 and repaid 1,000,000,000 on June 1, 2031: %

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