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You are paying an effective annual rate of 25 percent on your loan. The interest is compounded quarterly. What is the annual percentage rate on

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You are paying an effective annual rate of 25 percent on your loan. The interest is compounded quarterly. What is the annual percentage rate on this account? A. 20.95 percent B. 22.95 percent c. 25.00 percent D. 27.44 percent

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