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Mathematics, 12.10.2020 01:01 expeditionofsin

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

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