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Your cousin is due a tax refund of $400 in six weeks. His tax preparer has an arrangement with a bank to get him the

Your cousin is due a tax refund of $400 in six weeks. His tax preparer has an arrangement with a bank to get him the $400 now. The bank charges an administrative fee of $29 plus interest at 6.5%. What is the actual interest rate for this loan? (50pts)

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