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Solving for Rates What annual rate of return is implied on a $2,700 loan taken next year when $6,600 must be repaid in year 12?

Solving for Rates What annual rate of return is implied on a $2,700 loan taken next year when $6,600 must be repaid in year 12?

  • 12.04%

  • 7.73%

  • 8.46%

  • 13.13%

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