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Question 7 of 10 Month-end payments of $1,480 are made to settle a loan of $126,380 in 8 years. What is the effective interest rate?

Question 7 of 10 Month-end payments of $1,480 are made to settle a loan of $126,380 in 8 years. What is the effective interest rate? % Round to two decimal places 1. SUBMIT QUESTION >

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