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you're borrowed $7526.88 and agreed to pay back the loan with monthly payments of $250. it the interest rate is 12% stated as an APR,

you're borrowed $7526.88 and agreed to pay back the loan with monthly payments of $250. it the interest rate is 12% stated as an APR, how long will it take you to pay back the loan? What is the effective annual rate on the loan

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