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calculate with BII Plus (1) Determine the effective annual rate on a two-year loan of $1,200 with an 8 percent P. 42 add-on rate, paid

calculate with BII Plus

(1) Determine the effective annual rate on a two-year loan of $1,200 with an 8 percent P. 42 add-on rate, paid in monthly installments. 86 + 1200 1200X0.08 = 36 = 188 PM] 11

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