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You have two options to repay a loan. You can repay $6,000 now and $1,440 in one year, or you can repay $8,400 in 6

You have two options to repay a loan. You can repay $6,000 now and $1,440 in one year, or you can repay $8,400 in 6 months. Find the annual effective interest rate(s) i at which both options have the same present value.

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