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Question 14 (6 points) You have borrowed form a bank at 12% for $15,000 rate for 1 year, interest should be paid upfront, so what

Question 14 (6 points) You have borrowed form a bank at 12% for $15,000 rate for 1 year, interest should be paid upfront, so what is the effective interest rate? O 13.64% O 12.20 O none of them O 12%

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