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9. A new financial services company just opened in your town. To attract customers, it is offering a 9-10 loan special. The company will

9. A new financial services company just opened in your town. To attract customers, it is offering a "9-10" loan special. The company will lend $9 today in exchange for a payment of $10 one year from today. What is the APR on this loan? A. 10.00 percent B. 10.38 percent C. 10.92 percent D. 11.11 percent E. 11.54 percent

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