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Please calculate the APR for a loan with following condition: $25,000 loan with the interest rate of 6% compounded annually and repayment period of 8
Please calculate the APR for a loan with following condition:
$25,000 loan with the interest rate of 6% compounded annually and repayment period of 8 years. With the costs deducted at the time of taking the loan (present time) including: 1 points and loan originating fee of 100 dollars.
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