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a). Find the annual interest rate on a consumer loan of $1,000 which is repaid with monthly installments of $90 at the end of each

a). Find the annual interest rate on a consumer loan of $1,000 which is repaid with monthly installments of $90 at the end of each month for one year. The answer is 0.154, please show all work, no excel spreadsheets.

b) using the rule of 78, calculate the principal repaid in the last month. The answer is 88.97, please show all work, no excel spreadsheets.

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