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Question 16 4 pts Compute the APR of the following loan: I borrow two thousand dollars for 5 years from a lender who charges me
Question 16 4 pts Compute the APR of the following loan: I borrow two thousand dollars for 5 years from a lender who charges me 9% simple interest, but imposes a $80 loan origination fee. The loan will be repaid in one lump sum at the end of the five year period. APR = __% (enter as a percentage, one decimal point, no percentage sign)
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