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Example 7: Brett has decided to borrow $35,750.00 for two years at a nominal rate of 6.5% compounded monthly. There is an additional $1.75

Example 7: Brett has decided to borrow $35,750.00 for two years at a nominal rate of 6.5% compounded monthly. There is an additional $1.75 processing fee per month. Find the APR for Brett's loan.

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