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you borrow $1000 and repay the loan over three years with monthly payments on a compound loan. it was the three years you incur 400

you borrow $1000 and repay the loan over three years with monthly payments on a compound loan. it was the three years you incur 400 in interest. what is the APR on this loan?

A. 30.22

B. 21.71

C. 29.95

D. 25.95

E. 32.66

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