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A loan of $3170 is repaid by a single payment of $4600 in 5.3 years? Select the following rate of interest with monthly compounding was
A loan of $3170 is repaid by a single payment of $4600 in 5.3 years? Select the following rate of interest with monthly compounding was charged?
A | 7.3% | |
B | 6.7% | |
C | 7.05% | |
D | 7.09% | |
E | 7.15% |
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