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ine Credit Corp. wants to earn an effective annual return on its consumer loans of 1 5 % per year. The bank ding on its

ine Credit Corp. wants to earn an effective annual return on its consumer loans of 15% per year. The bank ding on its loans. What interest rate is the bank required by law to report to potential borrowers? (Use 36: d intermediate calculations. Round the final answer to 2 decimal places.) ate %
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