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Question 11 (1 point) Saved Mike took out a $15,000 loan to remodel his house and will repay it by making 60 monthly payments of

Question 11 (1 point) Saved Mike took out a $15,000 loan to remodel his house and will repay it by making 60 monthly payments of $350. Find the true APR on the loan, rounded to two decimal places. 28.00% 1.31% 8.00% 15.74% 55.08%

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Mike took out a $15,000 loan to remodel his house and will repay it by making 60 monthly payments of $350. Find the true APR on the loan, rounded to two decimal places. 28.00% 1.31% 8.00% 15.74% 55.08%

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