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Suppose that a bank offers you a loan of $1,250 and requires that you repay exactly $1,393.75 one year from today. In this case, the

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Suppose that a bank offers you a loan of $1,250 and requires that you repay exactly $1,393.75 one year from today. In this case, the interest rate on this loan is O 9.25% 10% O 11.5% 12.25%

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