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Alberts Hardware would like to borrow $400,000 to renovate their store. The band and the for one year at a rate of 6%. Alberts will

Alberts Hardware would like to borrow $400,000 to renovate their store. The band and the for one year at a rate of 6%. Alberts will also be required to pay for proci of the loan period. Find the annual effective rate of interest Round you to como

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