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If Mega Corp. borrows $ 8 , 0 0 0 and agrees to pay the lender $ 9 , 0 0 0 in one year,

If Mega Corp. borrows $8,000 and agrees to pay the lender $9,000 in one year, the annual interest rate on the loan is approximately: A.11.8% B.10.5% C.9.0% D.12.5%

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