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Posted on Oct 06, 2024

You borrow $20,000 to be repaid in 12 monthly installments of$1,833.60. The annual interest rate is closest to: a. 2 % b. 12 % c.

You borrow $20,000 to be repaid in 12 monthly installments of$1,833.60. The annual interest rate is closest to:

a. 2 %

b. 12 %

c. 18 %

d. 24%

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