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April 18, 2014

Homework Help: math

Posted by Anonymous on Sunday, October 30, 2011 at 5:23pm.

Megan took out a loan for 1500.00. The bank is going to charge her a fee of2% of her loan amount as well as take out the interest upfront. The bank is offering her 15% APR for six months. Calculate the effective interest rate.

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