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help plase Muscat Finance is offering a special on one-year loans. The company will loan you $5,000 today in exchange for one payment of $5,600

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help plase

Muscat Finance is offering a special on one-year loans. The company will loan you $5,000 today in exchange for one payment of $5,600 one year from now. What is the APR on this loan? ^ a. 12.70% b. 12.00% C. 13.57% d. 11.50% e. 14.00%

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