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help please Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repald after 120 days, with Simpson paying a total of $12,500.

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Simpson Conglomerates borrows $12,000 for a short-term purpose. The loan will be repald after 120 days, with Simpson paying a total of $12,500. What is the approximate cost of credit using the APY, or annual percentage yleld, calculation? 13.03% 4.33% 10.34% 12.25%

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