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Matt made a 5-year loan of $42,000 for his MBA education. Forthe loan, Matt has to make $900 monthly payment starting in a month for

Matt made a 5-year loan of $42,000 for his MBA education. Forthe loan, Matt has to make $900 monthly payment starting in a month for 60 months. What interest rate is stated on the loan contract? O 10.37% O 9.78% O 6.88% 0 4.74% O 9.30%

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