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Question 8 2 pts Bernie borrows 1700. The loan is charged simple interest at an annual rate of 10% and is repaid at the end

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Question 8 2 pts Bernie borrows 1700. The loan is charged simple interest at an annual rate of 10% and is repaid at the end of 18 years. Find the annual effective rate of interest that Bernie paid on the loan during the 18-year period. O 5.89% 05.18% O 5.53% O 5.36% O 5.71%

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