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April 27, 2015

Homework Help: math

Posted by Jessie on Sunday, January 16, 2011 at 2:17pm.

Cassandra is repaying an installment loan of 3,500 with 20 equal payments of 196.00 each.What is the annual percentage rate of the loan?

A. 7.55%
B.11.16%
c 12%
d.13.25%

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