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Jenson Manufacuring borrows $40,000 for a short-term purpose. The loan will be repaid after 180 days, with Jenson paying a total of $41,200. What is

Jenson Manufacuring borrows $40,000 for a short-term purpose. The loan will be repaid after 180 days, with Jenson paying a total of $41,200. What is the approximate cost of credit using the APR. or annual percentage rate, calculation

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