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Question 2 (1 point) Consider a loan with an annual interest rate of 8%, a 10-year duration and a present value (amount borrowed) of $60,000.

Question 2 (1 point) Consider a loan with an annual interest rate of 8%, a 10-year duration and a present value (amount borrowed) of $60,000. Monthly payment Q: What is the actual Interest rate per each payment? O 0.5% 0.67% 0.85% 0.95

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