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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 $103,000:
Item Value
Loan amount $103,000
Loan length 2 years
Contractual interest rate 8%
Origination fee 4.3%
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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