QUESTION 17 If you borrow 70,000 from your bank for 8 years with an annual interest...
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QUESTION 17 If you borrow 70,000 from your bank for 8 years with an annual interest rate is 6%, with payments made monthly, then your annual effective rate will be A. 6.68% B. 6.07% O C. 6.17% D. 6.50% QUESTION 17 If you borrow 70,000 from your bank for 8 years with an annual interest rate is 6%, with payments made monthly, then your annual effective rate will be A. 6.68% B. 6.07% O C. 6.17% D. 6.50%
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