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End-of-quarter payments of $1,430 are made to settle a loan of $30,260 in 8 years. What is the effective interest rate? 45.48% 02.84% 11.37% O

End-of-quarter payments of $1,430 are made to settle a loan of $30,260 in 8 years. What is the effective interest rate? 45.48% 02.84% 11.37% O 12.60%

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