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Al's obtained a discount loan of $68,500 today that requires a repayment of $93,228, 4 years from today. What is the APR? 7.87 percent 8.01

Al's obtained a discount loan of $68,500 today that requires a repayment of $93,228, 4 years from today. What is the APR?

		7.87 percent
		8.01 percent
		8.71 percent
		8.57 percent
		8.90 percent

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