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A modular building provider, Checkpoint Cabins, has a few fixed period loans to provide finance to undertake projects: Loan 1 75,000 @ 9%pa Loan 2

A modular building provider, Checkpoint Cabins, has a few fixed period loans to provide finance to undertake projects:

Loan 1 75,000 @ 9%pa

Loan 2 185,125 @ 7%pa

Loan 3 200,780 @ 5.5%pa

Calculate the average percentage cost of the loans.

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