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A consumer loan requires monthly payments, in equal amounts, $ 7 0 0 . 0 0 . The next payment is due in one month.

A consumer loan requires monthly payments, in equal amounts, $700.00. The next payment is due in one month. Assume that the appropriate discount rate is 21%(APR). What is the effective annual rate? tell me how should I make spreadsheet this question in excel my professor told it should solve in excel. where is $700 and please tell me all data in excel

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