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Question 15 Calculate the annual effective cost of a $23,084 loan with an APR of 6.02%, compounded annually, with a 0.69% loan origination fee NOTE:

Question 15

Calculate the annual effective cost of a $23,084 loan with an APR of 6.02%, compounded annually, with a 0.69% 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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