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You took out a loan with an effective annual interest rate of 7 percent. What is the equivalent quarterly (3 month) interest rate on this

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You took out a loan with an effective annual interest rate of 7 percent. What is the equivalent quarterly (3 month) interest rate on this loan? Note: I don't want the APR. I want the EPR (the actual 3-month interest rate). (Click to select) (Click to select) 1.36% 7.19% 2.05% 6.82% 1.71%

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