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You borrow $25,000 to be repaid in 12 monthly installments of$2,292.00. The annual interest rate is closest to: a. 1.5 percent. b. 12% c. 18%

You borrow $25,000 to be repaid in 12 monthly installments of$2,292.00. The annual interest rate is closest to: a. 1.5 percent. b. 12% c. 18% d. 24% Could you please add complete formulas and excel functions

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