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Suppose People's Bank offers to lend you $ 1 0 , 0 0 0 for 1 year on a loan contract that calls for you

Suppose People's Bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $400.00 at the end of each quarter and then pay off the principal amount at (USE FINANCIAL CALCULATOR TO SOLVE)
Select the correct answer.
a.17.19%
b.16.79%
c.16.89%
d.17.09%
e.16.99%

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