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Consider the following financing information for a loan of $ 1 0 3 , 0 0 0 : Item Value Loan amount $ 1 0
Consider the following financing information for a loan of $:
Item Value
Loan amount $
Loan length years
Contractual interest rate
Origination fee
Payment type Quarterly payments, equally amortized
Find the actuarial interest rate, the annual percentage interest rate, and the effective interest rate.
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