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Uncle Fred offers you a $11,400 loan to help pay for college, and demands that you repay exactly $13,051.86 in two years. This loan has

Uncle Fred offers you a $11,400 loan to help pay for college, and demands that you repay exactly $13,051.86 in two years. This loan has an interest rate of O 3% O 5.5% O 7% 9.5%

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