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Answer should be a Question 1: Your friend is willing to lend you $600. However, $650 is repaid at the end of one month. Find

Answer should be a

Question 1: Your friend is willing to lend you $600. However, $650 is repaid at the end of one month. Find the effective annual interest rate a) Between 1.51-1.71 b) Between 2.06-2.08 c) Between 3.16-3.58 d) Between 9.80-9.90

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