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What is the cost of capital for a $100,000 loan with payments of $1,000 per month for 16 years? Assume a 21% tax rate Below

What is the cost of capital for a $100,000 loan with payments of $1,000 per month for 16 years? Assume a 21% tax rate

Below are possible answer choices:

A) 6.67%

B) 9.26%

C) 7.31%

D) 8.24%

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