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You take a loan of $ 1 0 , 0 0 0 ( financed for 2 4 months period ) . The lender quotes a
You take a loan of $financed for months period The lender quotes a nominal
interest rate of for the first months and a nominal rate of for any remaining unpaid balance
after months, both are compounded monthly. Based on this given scenario, what would be the
annual amount required to repay the loan back
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