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Crimini Foods is offered a $400,000 loan for six months at an APR of 10%. This loan has a loan origination fee of 2%. What
Crimini Foods is offered a $400,000 loan for six months at an APR of 10%. This loan has a loan origination fee of 2%. What is the EAR on the loan?
| A). | 11.03% |
| B). | 10.06% |
| C). | 7.14% |
| D). | 14.80% |
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