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A loan is requested for $50,000 dollars, which is expected to end within 1 year at an interest rate of 50% annually, compounded quarterly. required
- A loan is requested for $50,000 dollars, which is expected to end within 1 year at an interest rate of 50% annually, compounded quarterly.
- required
- Get the annual effective rate
- The total interest to be paid.
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Step: 2
Step: 3
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