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What is the APR for a $410 loan when the loan is paid off in 12 equal monthly payments at the stated annual interest rate

What is the APR for a $410 loan when the loan is paid off in 12 equal monthly payments at the stated annual interest rate of 10.5 percent? (Round your answer to 2 decimal places.)

Multiple Choice

7.18%
11.50%
19.38%
9.69%
25.76%

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