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Theafter-tax cost on home equity loan is ___% (round to 2 decimalplaces. Your uncle Fred just purchased a new boat. He brags to you about

Theafter-tax cost on home equity loan is ___% (round to 2 decimalplaces. Your uncle Fred just purchased a new boat. He brags to you about the low \( 7.2 \% \) interest rate (APR, monthly compounding) he obtained from the dealer. The rate is even lower than the rate he coul 2 answers

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