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QUESTION 15 Calculate the annual effective cost of a $10,534 loan with an APR of 6.29%, compounded annually, with a 1.37% loan origination fee NOTE:

QUESTION 15 Calculate the annual effective cost of a $10,534 loan with an APR of 6.29%, compounded annually, with a 1.37% loan origination fee NOTE: Answer in percentages. If your answer is 0.0204, you must answer 2.04. Do not use the "%" sign

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