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Consider the following situation: - Mary lends Collin $930 for one year. - After one year Mary and Collin agree to settle the debt at

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Consider the following situation: - Mary lends Collin $930 for one year. - After one year Mary and Collin agree to settle the debt at that time for $992. What is the effective annual rate of interest for this transaction? Answer in \% and include 4 decimal places. Do not include the '\%' in your answer. E.g., 10.1234 would be entered if the answer was 10.1234%. Your

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