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Business, 18.08.2021 03:00 daedae11142

Chuong Ngo borrows $3200 from a bank that advertises a 6% simple interest rate and repays the loan in four equal monthly payments. Estimate the APR. Round to the nearest tenth of a percent. Use the Approximate Annual Percentage Rate Formula.

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Chuong Ngo borrows $3200 from a bank that advertises a 6% simple interest rate and repays the loan i...

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