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Your friend Latisha borrows $3,000 from you for 6 years. She promises to pay you back $4,000. What effective annual rate of interest are you

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Your friend Latisha borrows $3,000 from you for 6 years. She promises to pay you back $4,000. What effective annual rate of interest are you receiving? 4.20% 7.46% 5.92% 4.91% 3.45%

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