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Need help with this question please. JD Enterprises borrowed $150,000 for two years from the bank. At the end of the two years, they repaid

Need help with this question please.

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JD Enterprises borrowed $150,000 for two years from the bank. At the end of the two years, they repaid the loan in full with one payment of $175,000. What was the quoted interest rate on the loan? Assume the interest rate is quoted as an APR compounded monthly 5. A) B) C) D) 16.67% 7.73% 7.86% 8.33%

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