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You borrow $59400 from a loan company and agree to pay $6200 at the begin of every month for 10 months. Find the effective rate.

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You borrow $59400 from a loan company and agree to pay $6200 at the begin of every month for 10 months. Find the effective rate.

You borrow $59400 from a loan company and agree to pay $6200 at the begin of every month for 10 months. Find the effective rate

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