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What effective rate of interest is being charged if a golf club's $10,000 initial fee is paid by 12 beginning-of-month payments of $1,000? O 35.074%

What effective rate of interest is being charged if a golf club's $10,000 initial fee is paid by 12 beginning-of-month payments of $1,000? O 35.074% 41.300% 42.038% 2.923% 51.165%

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