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Mathematics, 05.05.2020 12:24 cardonaalfredo

Marcela took out a $600 Discounted loan with the 4% annual interest rate over a period of 8 months. What is the effective annual interest rate for the loan? Round to two decimal places.

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Marcela took out a $600 Discounted loan with the 4% annual interest rate over a period of 8 months....

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