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. If you borrow $62, 097 for 16 years and pay $770 every month, what is the annual percentage rate (APR) on the loan? a.

. If you borrow $62, 097 for 16 years and pay $770 every month, what is the annual percentage rate (APR) on the loan?

a. 13% b. 1.08% c. 23.8% d. 10%

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