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Business, 19.01.2022 05:00 raerea2005

Bank of Miami offers you a loan of $9,900 and requires that you repay $11,088 in exactly one year. In this case, the interest rate that the bank is charging on the loan is Group of answer choices 16% 14.5% 12% 11%

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Bank of Miami offers you a loan of $9,900 and requires that you repay $11,088 in exactly one year. I...
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