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QUESTION 13 Calculate the annual effective cost of a $12,068 loan with an APR of 5.27%, compounded monthly NOTE: Answer in percentages. If your answer

QUESTION 13 Calculate the annual effective cost of a $12,068 loan with an APR of 5.27%, compounded monthly NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign

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