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You have borrowed $12,000 from Rob M. Blind lenders. If they require you to make payments of $400 at the end of each month for

You have borrowed $12,000 from Rob M. Blind lenders. If they require you to make payments of $400 at the end of each month for a period of six years in order to pay off this loan, what annual percentage rate (APR) compounded monthly are they charging on this loan?

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