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You have two options to repay a loan. You can pay $6000 now and $5, 880.00 in one year, or you can repay $12000 in

You have two options to repay a loan. You can pay $6000 now and $5, 880.00 in one year, or you can repay $12000 in six months. Find the annual effective interest rate i at which both options have the same present value.

Round your answer to 3 decimal places. Answer in units of percent. Your answer must be within 0.0%

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