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A lender advertises a loan rate 5% per month. The borrower would make monthly payments to fully repay the loan in 2 years. What is

A lender advertises a loan rate 5% per month. The borrower would make monthly payments to fully repay the loan in 2 years. What is the APR on the loan?

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Moving to another will save this response Question 8 A lender advertises a loan rate of 5% per month The borrower would make monthly payments to flly repay the loan 2 years. What is the APR on the loan

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