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Posted on Aug 28, 2024

The First Bank of Lending lists the following APR for loans. Determine the APY, or effective interest rate, for a loan amount that is $

100, 000

or more. Express your answer as a percentage rounded to the nearest hundredth of a percent, if necessary.

\

table

[[

First Bank of Lending Loan APR

], [

Loan Amount,APR

?^{* *}

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