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Leonel Shark is willing to lend you $15,900 for 2 months. The terms of the interest are that you must pay back the principal plus

Leonel Shark is willing to lend you $15,900 for 2 months. The terms of the interest are that you must pay back the principal plus 50% at the maturity of the loan. What is the effective annual rate on this loan? a. 300% b. 25% c. 1039.6% d. 50% e. 22.47%

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